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South Africa: South Africa: New Tax Bill Coming Soon
Source: www.bizcommunity.com/Article/196/524/76838.html
Source Date: Friday, June 22, 2012
Focus: Institution and HR Management
Country: South Africa
Created: Jun 22, 2012

Howeverâ-š what was most noticeable was the focus on the areas which the bill did not coverâ-š which according to ENS tax executives it should. This includes a provision for reimbursement for taxpayers from SARSâ-š if the revenue service has been overzealous in taking money from them and an exclusion of any mention of time frames for penalties contained in the bill.

The full implementation of the legislation was also questioned asâ-š according to ENSâ-š the process had been drawn out and what would most likely happen was that different areas of the bill would be rolled out at different times.

Another concern for ENS was that even though the legislation had been drafted it is questionable whether SARS employees had been briefed and trained enough to cope with their new demandsâ-š when the full effects of the bill came into play and whether SARS's computer systems had been setup to handle the new system.

 

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