Those who disclose relevant tax information willingly will receive ‘help and advice’ and may be ‘granted relief from penalties’ and ‘avoid possible criminal prosecution’. Moneyweb tax Sars
South Africans who have not yet registered for personal income tax for whatever reason may find that they are now registered thanks to the help of the South African Revenue Service . October saw Sars start the auto-registration of taxpayers where it detected “economic activity” through information obtained from third-party data providers . It has since auto-registered more than 180 000 individual taxpayers who have not previously appeared on the tax register.
Westermeyer, who was speaking during a webinar of The Tax Faculty, says taxpayers who have had large amounts of money moving through their bank accounts, but who are not registered taxpayers, will have to answer some “uncomfortable” questions. Sars is requesting detailed line-by-line verification of all the credit amounts in bank statements.
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