SARS boost to hunt more taxpayers, and Post Office plan to block couriers

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SARS boost to hunt more taxpayers, and Post Office plan to block couriers

//business-finance.news-articles.net/content/202 .. yers-and-post-office-plan-to-block-couriers.html

Published in Business and Finance on Thursday, March 13th 2025 at 3:00 GMT by BusinessTech

SARS taxpayer hunt boost: Following SARS commissioner Edward Kieswetter's argument that he needs more funding to collect more tax, the National Treasury has increased the size of the revenue service budget by R4 billion, bringing the total over the next three years to R7.5 billion. [ Business Day]

The article from BusinessTech discusses two significant developments in South Africa. Firstly, the South African Revenue Service (SARS) is enhancing its capabilities to pursue tax evaders more effectively. This includes the use of advanced technology and data analytics to identify and track non-compliant taxpayers, aiming to increase revenue collection and reduce the tax gap. Secondly, the South African Post Office (SAPO) is considering a strategy to block courier companies from using its infrastructure, which could potentially disrupt the logistics sector. This move is part of SAPO's broader plan to address its financial difficulties and possibly regain market share in the courier and parcel delivery market. These actions reflect broader governmental efforts to improve fiscal health and operational efficiency in public services.

Read the Full BusinessTech Article at:
[ https://businesstech.co.za/news/5-things/816650/sars-boost-to-hunt-more-taxpayers-and-post-office-plan-to-block-couriers/ ]

Publication Contributing Sources

BusinessTech

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SARS boost to hunt more taxpayers, and Post Office plan to block couriers