Once at the cutting edge, Sars has to show it can keep evolving
Digitising tax collection has been successful, but transparency and upgrades are essential in SA, which has missed collection targets for five years
Tax authorities globally are working to digitise their collection operations to improve collection and compliance. The Organisation for Economic Co-operation and Development (https://protect-za.mimecast.com/s/F0HZCO7XOniAyj7AsEglAQ?domain=oecd.org) (OECD) has identified digitalisation as one of the most transformative trends shaping the global tax space.
That’s hardly surprising, especially given the pressure on governments globally to better account for the taxes paid to them and to crack down on excessive tax avoidance by private and corporate citizens. But while many developed economies are just at the start of their digitalisation efforts, emerging markets have been ahead of the game for some time. The impact these efforts have had could be a good indicator of what the future of taxation looks like and what implications digitalisation might have for wealthy individuals. ..
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