The South African Revenue Service (SARS) has now shifted its focus to the R90 Billion taxi industry, which last year paid only about R5 million in taxes. The R5 million tax from last year paid by the industry, cannot even be the income tax of one province’s minibus taxis, and as a result there was a huge outcry in the media and on social media.
How the minibus taxi industry has apparently managed to circumvent its tax obligations to a large extent over the years, is still not clear, but financial experts are calling for the industry to be intensively investigated, to recover taxes from previous years’ revenue that was generated.
The Revenue Service’s diligent search for more income from taxpayers’ wallets, is related to the poor economic condition of the country, and aims to collect maximum taxes so that foreign loans can be repaid, it was claimed.
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