Science

South Africa To Investigate Tax Service After Zuma's Approval

South Africa To Investigate Tax Service After Zuma's Approval”

According to the finance minster, the revenue service will be investigated due to low tax collection, after President Jacob Zuma approved his request for an inquiry.

Finance minister Malusi Gigaba has announced that he will launch an inquiry into tax collection at the South African Revenue Service (Sars), specifically looking at why tax revenues have fallen.

The Minister has informed the SARS Commissioner of this proposed inquiry and the Commissioner has expressed his support for it and willingness to cooperate.

While speaking at a media briefing on the future of South African Airways (SAA) Gigaba said Zuma had agreed to the inquiry into Sars but also gave some insight on SAA.

"Whether founded on fact or not, it is important that we should not be dismissive of such concerns, but we look into them by engaging dedicated teams of experts".

Gigaba said on Tuesday that, while weak economic growth - projected to reach just 0.7% in 2017- was the single biggest reason for the tax shortfall, other factors feeding into the growing budget hole included "weakening tax morality and challenges facing tax administration".

While the full terms of reference are not yet clear, Gigaba said that tax morality and institutional issues around governance will be core to process.

The inquiry will help to assess what factors are responsible for the under-collection of revenue by SARS, and what steps need to be taken to improve performance management systems at SARS to improve its capacity to collect revenue.



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