South African Revenue Service will be Tough on Illicit Trade

Photo from Internet

Mark Kingon,South African Revenue Service (SARS) Commissioner made a speech at the Tax Indaba, in Sandton.

He Called on South Africans to join hands in cracking down on illicit trade.

During his address, Kingon affirmed SARS’s position in tackling illicit trade in clothing and textiles, tobacco and fuel.

Illicit trade in the clothing and textile industry alone has caused damage to the SA economy, impacting people’s lives, he lamented. "Let's join hands to stop this nonsense."

Kingon told Parliament in May that SARS is in the process of reestablishing the investigative unit dealing with illicit trade.

The specialised unit focusing on illicit tobacco trade was disbanded by suspended SARS commissioner Tom Moyane in 2014.

According to Kingon, SARS is dealing with an exorbitant amount of debt that needs to be paid. When people do not pay VAT, or income tax, it limits the returns to SARS which are essential for economic development.

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