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The herd of elephants in the value-added tax room

The herd of elephants in the value-added tax room
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

South Africa , Mark Kingon , Annelie Giles , Ernie Lai King , Johnstone Makhubu , African Revenue Service Sars , African Institute Of Taxation Sait , South African Revenue Service , Tax Indaba , South African Institute , Vat Act , Olai King , அர்நீ லாய் கிங் , வரி இண்தப , வாட் நாடகம் , லாய் கிங் ,

WATCH: VAT refunds — battle won, war continues

WATCH: VAT refunds battle won, war continues
Michael Avery talks to a panel about Sars and why they are withholding some taxpayers’ VAT returns
By Business Day TV - 02 February 2021
Image: GALLO IMAGES
Send in a VAT return just one day late and you are immediately penalised 10%, but Sars has been withholding VAT returns owed to taxpayers for, in some cases, years now.
The practice is particularly pernicious in the prevailing business environment in which many companies have seen cash flow dry up due to Covid-19 restrictions, and even face insolvency. The high court has now provided much needed certainty as to how Sars should behave in a vague, very technical area of law. ....

Keith Engel , Michael Avery , Ernie Lai King , Thabo Legwaila , Office Of The Tax Ombud , Sa Institute Of Tax Practitioners , Tax Ombud , கேய்ட் ஏங்கல் , மைக்கேல் காவேரி , அர்நீ லாய் கிங் , ச நிறுவனம் ஆஃப் வரி ப்ர்யாக்டிஶநர்ஸ் ,