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Why voluntary disclosure to Sars is crucial to avoid severe penalties
The Star
|June 06, 2025
THE South African Revenue Service (Sars) is preparing to escalate its enforcement drive. With R7.5 billion in additional funding over the medium term and the implementation of a focused initiative known as Project AmaBillions, Sars now has both the mandate and the means to pursue non-compliant taxpayers with renewed vigour.
Commissioner Edward Kieswetter’s two-pronged approach — assisting those who comply and cracking down on those who don't — is no longer just rhetoric. Sars is making it clear that time is fast running out for those who have not regularised their tax affairs.
The VDP: a last safe exit
This story is from the June 06, 2025 edition of The Star.
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