ACCOUNTABILITACCOUNTABILITY Y
Gordhan set to amend tax laws over collection
The amendments will strenghten SARS’s powers and tax collection accountability
Finance Minister Pravin Gordhan plans to amend tax laws to compel South African Revenue Service commissioner Tom Moyane to improve his tax collection accountability and provide National Treasury with the information it requires for planning, Treasury deputy director-general Ismail Momoniat said on Wednesday. An amendment broadening and strengthening existing sections of the Income Tax Act and the Value-Added Tax (VAT) Act is included in the draft Rates and Monetary Amounts Amendment Bill, which incorporates the tax changes announced in the 2017/18 budget tabled in Parliament by Gordhan last week. Momoniat said in a briefing to Parliament’s two finance committees, the amendments were necessary because of tax collection challenges. Gordhan has expressed concern over tax collection by SARS and told journalists ahead of his budget speech in Parliament last week that some of the R30.4bn shortfall in tax revenue in 2016/17 was due to SARS not fulfilling its duties. He said he had had seve...
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