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.”
If you want to get in touch with us to act in respect of any matter stated herein, please send an email to firstname.lastname@example.org
© DotNews, 2005-2015. This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice.