29 September 2017

 

 

 

 

 

 

 

 

SARS has announced that it will intensify criminal proceedings against tax offenders from October.

In a statement released on Thursday, the revenue collector warned South African taxpayers to “pay your taxes or pay the price”, after it had seen a large increase in taxpayers not submitting their returns within stipulated timeframes.

“We have noticed an increase in taxpayers not submitting their tax returns by the stipulated deadlines‚ and not settling their outstanding debt‚” SARS said.

“This is not limited to the current tax year but includes substantial non-compliance across previous tax years. It is for this reason that from October 2017 SARS will now intensify criminal proceedings against tax offenders.”

“Should any return result in a tax debt, it must be paid before the relevant due date to avoid any interest for late payment and legal action,” it said.

These punishments could include fines or even criminal prosecution, it said.

Read more on …

https://businesstech.co.za/news/finance/201654/sars-threatens-fines-and-jail-time-for-taxpayers-not-paying-their-due/ 29 September 2017