Afsafin Accounting Tax and Fiduciary Services

SARS is coming after these taxpayers personally in South Africa – BusinessTech

SARS is coming after these taxpayers personally in South Africa SARS is issuing notices to company directors and other financial officers, holding them personally liable for outstanding business debts.

https://businesstech.co.za/news/finance/852535/sars-has-a-new-weapon-to-come-after-taxpayers-hard/

SARS has a new weapon to come after taxpayers hard SARS has upgraded its automatic exchange of information systems. From 1 March, it will cover 120 jurisdictions around the world.

https://iol.co.za/thepost/news/2026-01-27-high-court-judge-overturns-lenient-sentence-for-tax-practitioners-r35-million-fraud/

High Court judge overturns 'lenient' sentence for tax practitioner's R3.5 million fraud A WESTERN Cape High Court judge has set aside the 'lenient' sentence of tax practitioner Shafiek Khan who defrauded SARS of over R1.1 million, ruling that the wholly suspended prison term failed to reflect the gravity of his five-year tax fraud scheme that resulted in a R3.5 million liability.

https://dailyinvestor.com/finance/117298/big-vat-changes-coming-to-south-africa/

Big VAT changes coming to South Africa SARS is rolling out a VAT modernisation programme to enable real-time data collection and e-invoicing to improve compliance and reduce the administrative burden on taxpayers.

https://dailyinvestor.com/finance/116937/south-africa-has-28-million-grant-recipients-and-only-7-7-million-taxpayers/

South Africa has 28 million grant recipients and only 7.7 million taxpayers SARS' latest Tax Statistics show that South Africa has a highly concentrated personal income tax base, which is supporting a surging number of grant recipients.

https://www.news24.com/business/opinion/michael-kransdorff-sars-sets-its-sights-on-your-london-flat-or-your-holiday-home-in-provence-20251221-0754

Michael Kransdorff | SARS sets its sights on your London flat or your holiday home in Provence | News24 The SA Revenue Service can see your offshore bank accounts, investment portfolios, and cryptocurrency holdings — but that apartment in Lisbon, holiday home on the Spanish coast, or rental flat in London sits in local land registries. All of this is about to change, writes Michael Kransdorff.

https://dailyinvestor.com/finance/110545/only-1-5-of-south-africans-pay-60-of-all-personal-income-tax/

Only 1.5% of South Africans pay 60% of all personal income tax South Africa’s tax base is extremely concentrated, with just 1.5% of the population paying over 60% of all personal income tax.

https://businesstech.co.za/news/finance/842025/sars-nails-one-taxpayer-for-r155-million/

SARS nails single taxpayer for R155 million SARS has secured a provisional sequestration order against a taxpayer to the tune of R155 million for tax non-compliance.

SARS is coming after corporate leaders in South Africa – Daily Investor

SARS is coming after corporate leaders in South Africa SARS is intensifying enforcement, holding directors, public officers, shareholders, and even informal financial decision-makers personally liable for their company’s unpaid tax debts.

Sars set to finally draw the line on persistent trust non-compliance

Sars set to finally draw the line on persistent trust non-compliance The South African Revenue Service’s (Sars) longstanding tolerance of delayed or omitted trust submissions may soon come to an end, with administrative penalties and increased oversight on the horizon. The South African Institute of Chartered Accountants (SAICA) formally reported to members that Sa...