Pravin Gordhan wanted rules ordering SARS to give information to the Treasury
The former finance minister had often complained about SARS’s lack of accountability to Treasury and its failure to give it information to ensure smooth tax administration
|Before his abrupt removal from office, former finance minister Pravin Gordhan was planning to introduce regulations that would require the South African Revenue Service (SARS) to supply the Treasury with information under the Value-Added Tax Act and Income Tax Act.
The need for the regulations no doubt arose out of the acrimonious relationship between Gordhan and SARS commissioner Tom Moyane.
Gordhan frequently complained about the lack of accountability of SARS to the Treasury and its failure to provide it with information. Whether new
|Finance Minister Malusi Gigaba implements the plans remains to be seen.
In a parliamentary question, DA MP Alf Lees wanted to know the details of the information that the Treasury required from SARS.
Gordhan gave notice of the amendments relating to obtaining information from SARS in his February budget speech in the National Assembly.
|In his written reply — before his ousting in a Cabinet reshuffle — Gordhan said the Income Tax Act and the Value-Added Tax Act made provision for the finance minister to make regulations prescribing, among other things, the information that the minister may require from the SARS commissioner to ensure smooth tax administration and optimal revenue collection.
“The proposed regulations will be made only after the amendment bills have been passed into law,” Gordhan said.
Source: Business Day by Linda Ensor.
This months Featured Customer of the month is…
…NOT a customer!
Rather we are pleased to introduce our newest staff member viz:
Sandile joins us as a young, aspiring accountant.
He has completed all but 3 modules towards his Bachelor of Commerce (Accounting) degree from the University of Johannesburg, was awarded best grade 10 – 12 learner in Economics at school, and was a previous ABSIP President nominee.
He has recently completed his outstanding exams and we are all ‘holding thumbs’ pending receipt of the results.
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