Gordhan has 'legislative power' over Moyane, says Treasury
Legal provisions pointed out that the minister of finance can make regulations in relation to information that the minister deems necessary to obtain from the commissioner
Finance Minister Pravin Gordhan has legislative powers to demand the information he requires from South African Revenue Service (SARS) commissioner Tom Moyane. This emerged from a briefing by Treasury deputy director general Ismail Momoniat to members of Parliament's finance committee ahead of public hearings on the 2017/18 budget on Wednesday. Gordhan has complained in the past about the lack of accountability by SARS and about not being informed by Moyane about important developments within the tax authority. More recently there have been concerns over whether SARS has withheld VAT refunds in order to boost its tax revenue collection. The relationship between the minister and the commissioner has deteriorated to an all time low and the minister might have to make use of the legislative powers at his disposal to ensure that he is kept informed about what is going on in SARS. Momoniat noted that in terms of Section 107 of the Income Tax Act and Section 74 of the VAT Act‚ the ministe...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.