SARS intends to fine 300 000 companies for non submission of their tax returns.
More than 500 000 new companies were registered in the past financial year, of which the vast majority did not submit returns. With this effort, SARS aims to rejuvenate its income.
Experts say it’s going to be an uphill battle for SARS to restore the situation with the current chaos that prevails.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News