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Laws planned to tighten SARS governance

Publish date: 20 September 2019
Issue Number: 90
Diary: CompliNEWS
Category: Tax

Legalbrief Today, Issue 4785

Draft legislation to tighten governance at SARS will be tabled early next year, Parliament's Standing Committee on Finance heard from SARS and National Treasury yesterday, says a Fin24 report. Treasury's Ismail Momoniat told the committee that amendments would be considered to allow for clarification of the Tax Ombud's role and outline procedures for both the appointment and removal of a SARS Commissioner. This follows the dismissal of former SARS Commissioner Tom Moyane after the Nugent Commission of Inquiry's report found a range of governance failings, revenue collection weaknesses and non-compliance set in under his watch. Momoniat said the proposed legislative amendments would also include amendments to the South African Revenue Service Act and the Tax Administration Act.

Full Fin24 report

Working Smart

By Lee Rossini

In the last few articles, we have discussed the process of selling your business. However, before getting to this point, you will most likely be called upon to negotiate the deal. Although we have all had to engage in some form of negotiation at one time or another, negotiating is an art form. There are some basic negotiating techniques that are very useful to know when you are selling your business.

  

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