n Personal Finance Newsletter - Conning the taxman? Watch out! : tax

Volume 2005, Issue 301
  • ISSN :



Extracted from text ... 14 December 2005 Moneyweb's PERSONAL FINANCE TAX THE South African Revenue Service (SARS) is trying to crack its whip on those who dodge the taxman. While the treasury has progressively introduced amendments to the income tax act to close loopholes that creative tax professionals exploit, the result is a mish-mash of laws that are difficult to navigate. Also, Section 103 of the Income Tax Act - which governs tax avoidance - remains much the same as it did in 1959. In countries that South Africa is benchmarked against in the financial sphere - Canada, the USA, New Zealand and ..

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