Article originally published by NEWS24
The SA Revenue Service (SARS) is investigating luxury-goods purchases as part of a clampdown on individuals it suspects are deliberately hiding sources of income from the authorities.
“We’re starting to look at who is buying luxury apparel and we’re trying to find out where do these people get their money,” Chief Revenue Officer Johnstone Makhubu said Monday at a conference hosted by The South African Institute of Taxation. The project is a step toward giving tax authorities a broader view of people that “aren’t in our purview that we’d like to bring into the net,” he said.
Read the rest of the article at NEWS24.com:
https://www.news24.com/fin24/economy/sars-starts-to-target-buyers-of-luxury-goods-20220905
