The South African Revenue Service (SARS) and various inter-governmental organisations have clamped down on a sophisticated criminal syndicate of alleged
A truck loaded with coal drives off at Canyon Coal's Khanye colliery near Bronkhorstspruit, around 90 kilometres north-east of Johannesburg, South Africa, April 26, 2022. coal-smugglers, who played a major role in exacerbating the energy crisis and loadshedding.
“It is due to such hard work, often behind the scenes, that leads to these investigative breakthroughs and ensures that South Africans can return to a lifestyle without loads hedding. These targeted operations also help to prevent the loss of revenue to the fiscus, which in this case amounted to more than R500-million.”
SARS says it has managed to establish links between individuals and related entities and confirmed possible gross contraventions from a tax perspective, including, non-registration for Income Tax, VAT and/or PAYE, failure to submit tax returns, under-declaration of income, claiming undue VAT refunds; andSARS further says: “The sophisticated network of coal-smugglers is suspected to consist of local and foreign nationals.
“it is because of such naked greed that the country has experienced unprecedented loadshedding, which harms business, undermines foreign direct investment and leads to job losses – all of which negatively affect revenue collection”.
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