International Tax Review is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

SARS re-establishes large business unit

firms_thumbnail

The South African Revenue Service is set to re-establish the large business unit and illicit economy team as part of an overhaul of the tax authority.

SARS Acting Commissioner Mark Kingon has set out to re-establish the large business unit to deliver services to large companies more efficiently and effectively. Hlengani Mathebula, chief officer for governance, is overseeing the process of building an experienced multidisciplinary team.

At the same time, Mogola Mokola, chief enforcement officer, will oversee the relaunch of the illicit economy team. As illicit financial flows cost South Africa an estimated $122 billion from 2003 to 2012, tackling illicit trade is crucial for fighting corruption in the country.

These decisions come just after SARS appointed Johnstone Makhubu as its chief officer of finance. Makhubu served as acting chief officer for a year, during which time he managed the finance division, including procurement and corporate real estate.

more across site & bottom lb ros

More from across our site

A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.
Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.
The former tax official in Italy will take up her post in April.
With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.
Lawmakers seem more reticent than ever to make ambitious tax proposals since the disastrous ‘mini-budget’ last September, but the country needs serious change.
The panel, the only one dedicated to tax at the World Economic Forum, comprised government ministers and other officials.
Colombian Finance Minister José Antonio Ocampo announced preparations for a Latin American tax summit, while the potentially ‘dangerous’ Inflation Reduction Act has come under fire.
The OECD’s two-pillar solution may increase global tax revenue gains by more than $200 billion a year, but pillar one is the key to such gains due to its fundamental changes to taxing rights.