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The taxman is not going anywhere this festive season

The article from BusinessTech discusses how the South African Revenue Service (SARS) will continue its operations during the festive season, emphasizing that there will be no break in their efforts to ensure tax compliance. SARS has warned taxpayers that they will be actively monitoring financial activities, particularly focusing on undeclared income and tax evasion. The tax authority plans to use advanced technology and data analytics to track transactions and ensure that all income, including that from side hustles or informal trading, is properly declared. SARS also encourages taxpayers to use this time to get their tax affairs in order, reminding them that tax obligations do not take a holiday. The message is clear: the taxman is always watching, even during the festive season.

Read the Full businesstech.co.za Article at:
[ https://businesstech.co.za/news/finance/801696/the-taxman-is-not-going-anywhere-this-festive-season/ ]