South African Revenue Service

2023 - 3 - 23

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This is how long it will take South Africa to pay for government in 2023 (BusinessTech)

Tax freedom day representes the first day of the year in which the nation as a whole has theoretically earned enough income to pay its collective taxes.

Every other state-owned enterprise is also a hive of rackets that ends up being bailed out on a regular basis.” Eskom, for example, has already been bailed out to the tune of R257 billion since 2008. “There is plenty of evidence that a high tax burden both hampers economic growth and increases unemployment. “Eskom is not an isolated case. Zietsman said that there are many reasons why South Africa’s tax burden is so high. According to SARS, the number of individuals expected to submit income tax returns in 2021 dropped to 6.4 million due to the increase in the threshold for submission of returns over the past few years.

SARS warns of scam targeting taxpayers – this is what it looks like (BusinessTech)

The South African Revenue Service (SARS) has seen a resurgence of a scam targeting taxpayers in South Africa. SARS has warned of an email titled 'SARS ...

- SARS will never request your banking details in any communication that you receive via post, email, or SMS. SARS has reported over 330 different types of scams to date. Importantly, SARS will not send you any hyperlinks to other websites – even those of banks. However, for the purpose of telephonic engagement and authentication purposes, SARS will verify your personal details. For taxpayers to protect themselves from falling victim to scams, SARS said that they should be aware of the following: One of the most common types of scams is those that impersonate SARS itself – called phishing scams.

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