SARS follows the money – Targeting big-ticket taxpayers and their Trusted Advisors polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.
On 24 April 2023, the new enhanced Tax Clearance Status System, was introduced, this being the Approval for International Transfer, or AIT application, as it has been coined. Without much fanfare, SARS’ immediate implementation of this new process may have come as a shock to the market, generating some uncertainty amongst financial professionals. In SARS’ Media Statement of 03 May 2023, the revenue authority provided an update on the implementation of the AIT process, clarifying that it is geared at the rationalisation and speeding up of the approval process.
Warning over South Africa s shrinking tax base businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.