SARS AUDIT: HOW FAR BACK CAN THEY GO?
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SARS AUDIT: HOW FAR BACK CAN THEY GO?

Imagine SARS is conducting an audit on a company for the most recent year of assessment. The company has a loan payable to a shareholder which originated in the 1980’s. SARS decides to extend the scope of the audit to the shareholder in order to establish whether the amount of money lent to the company...

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How to weather the tax storm

Based on the latest report released by STATS SA, the South African economy has moved into recession with a reported decrease of 0.7% in GDP during the first quarter of 2017. The bad economic climate impacts SARS’ revenue collection and is without a doubt a contributor to the recent increase in tax audits and additional...