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  • South African Trade Statistics for December 2007 – 31 January 2008
    31 January 2008 – Trade deficit increases in December 2007 from R0.6 billion to R1.2 billion mainly due to a month-on-month decrease in imports of machinery, original equipment components and chemicals and a month-on-month decrease in exports of mineral products, base metals and machinery

 

 

  • South African Trade Statistics for January 2008 – 29 February 2008
    Trade deficit increases in January 2008 from R1.2 billion to R10.2 billion mainly due to a month-on-month increase in imports of mineral products and original vehicle equipment components and a month-on-month decrease in exports of base metals, precious and semi-precious stones and metals, and vehicles

 

 

  • Five people arrested for alleged VAT fraud – 13 March 2008
    Five People were arrested in connection with alleged VAT fraud amounting to about R35 million in a swoop by the South African Police (SAPS) and South African Revenue Service (SARS) at five different premises in and around Johannesburg early this morning

 

 

 

  • South African Trade Statistics for February 2008 – 31 March 2008
    31 March 2008 – Trade deficit decreases in February 2008 from R10.2 billion to R5.8 billion mainly due to a month-on-month increase in exports of mineral products, machinery, mechanical appliances and electrical equipment and vehicles and a month-on-month decrease in imports of mineral products

 

 

  • New reportable arrangements legislation takes effect – 9 April 2008
    09 April 2008 – Around the world tax administrations find themselves at a disadvantage when responding to transactions that exploit the tax system. The inevitable delays between the conclusion of the transactions, submission of the related annual returns, and the returns’ assessment and audit mean that years may pass before the transactions are detected, analysed, and challenged

 

 

 

  • Launching the 2008 Tax Season – 15 May 2008
    15 May 2008 – The South African Revenue Service (SARS) today announces details for the 2008 Tax Season that, for the first time, place specific emphasis on the central role of employers in the Personal Income Tax (PIT) system

 

 

  • South African Trade Statistics for April 2008 – 30 May 2008
    30 May 2008 – Trade deficit increases in March 2008 from R5.0 billion to R10.0 billion mainly due to a month-on-month increase in imports of mineral products and machinery and a month-on-month decrease in exports of precious stones and metals

 

 

  • South African Trade Statistics for May 2008 – 30 June 2008
    30 June 2008 – Trade deficit decreases in May 2008 from R10.1 billion to R1.7 billion mainly due to a month-on-month decrease in imports of mineral products, machinery and vehicles and a month-on-month increase in exports of precious stones/ metals and base metals

 

  • Filing period for all employers begins – 1 July 2008
    In the 2008 Tax Season, a new emphasis is being placed on the information supplied by employers to SARS in respect of the PAYE deducted from employees. This year employers will be required to meticulously and timeously submit records which will ensure that SARS is in possession of accurate information about their employees

 

  • South African Trade Statistics for June 2008 – 31 July 2008
    31 July 2008 – Trade Deficit Decreases in June 2008 from R1.7 Billion to R0.2 Billion mainly due to a month-on-month decrease in imports of vehicles, Precious stones and metals and a month-on-month increase In exports of mineral products, precious stones and metals, chemicals and vehicles.

 

 

  • One week left to reconcile! – 25 August 2008
    From today the South African Revenue Service (SARS) will be extending hours of operation at branches across the country to accommodate the anticipated increase in employers seeking to submit their payroll records to SARS ahead of the Friday 29 August deadline

 

  • South African Statistics for July 2008 – 29 August 2008
    Trade deficit increases in July 2008 from R2 billion to R4.3 billion mainly due to a month-on-month increase in imports of precious stones and metals and mineral products, and a month-on-month decrease in exports of precious stones and metals.

 

 

 

  • South African Trade Statistics for August 2008 – 30 September 2008
    Trade deficit decreases in august 2008 from R14.3 billion to R5.1 billion mainly due to a month-on-month decrease in imports of mineral products, machinery and motor vehicle components and a month-on-month decrease in exports of precious stones and metals, vehicles and machinery.

 

 

  • South African Trade Statistics for September 2008 – 31 October 2008
    Pretoria, 31 October 2008 – The South African Revenue Service (SARS) announced today that September exports of R61.07 billion and imports of R68.18 billion resulted in a deficit of R7.1 billion. Imports increased by R2.66 billion (4.07%) to R68.18 billion and exports increased by R0.68 billion (1.12%) to R61.07 billion.

 

  • Responding to Dave King – 4 November 2008
    The South African Revenue Service (SARS) is mandated by law to collect all taxes due to the fiscus from all eligible South African taxpayers in the right amount and at the right time.

 

 

 

 

  • 2008 Tax Statistics – 4 December 2008
    The 2008 Tax Statistics is a joint publication by the National Treasury and the South African Revenue Service (SARS). This publication is a first of its kind and the intention is to produce it on an annual basis.

 

 

  • South African Trade Statistics for November 2008 – 30 December 2008
    Pretoria, 30 December 2008 – The South African Revenue Service (SARS) today released trade statistics indicating that November exports of R53.878 billion and imports of R65.944 billion resulted in a deficit of R12.066 billion. Imports decreased by R9.501 billion (12.59%) to R65.944 billion and exports decreased by R11.775 billion (17.93%) to R53.878 billion

 

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