The South African Revenue Service (Sars) is cracking down on individuals using nonprofit organisations (NPOs) as vehicles to launder money disguised as donations. It has rejected R1bn in claims presented as donations in the 2023/24 financial year.
Commissioner Edward Kieswetter said Sars was concerned about the level of tax abuse and low compliance in tax-exempt institutions, some of which were being used as vehicles for money laundering and tax crime...
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