Chris Fick & Associates

CF-A4b“The income tax created more criminals than any other single act of government” (Barry M. Goldwater)

SARS it seems retains a much higher enforcement capability than some recent media speculation has suggested.  It has announced a 92% conviction rate in cases handed over for prosecution in tax and customs-related crimes, mostly involving high net-worth individuals, fraudulent VAT refunds and Income Tax fraud.

Per SARS:  “Over the 2014/5 financial year, there were 256 individuals/entities convicted in cases involving R196 million, with fines totalling R9.6 million issued.  An effective 555 years of imprisonment, 258 months of correctional supervision and 2,480 hours of community service were handed down to those convicted.”

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