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As Sars steps up enforcement, is your business ready for increased scrutiny?

  • South Africa's budget grants Sars R7.5 billion over the next three years to enhance revenue collection and modernize systems, with a focus on addressing revenue leaks.
  • Expect increased scrutiny as Sars becomes more aggressive in identifying and pursuing non-compliant taxpayers, emphasizing the importance of financial organization and compliance for businesses.
  • Steps for businesses to enhance compliance include year-round readiness, tracking key deadlines, strengthening accounting processes, and staying informed on changing payroll legislation.
  • Efficient financial and tax administration, along with automation and staying ahead of tax legislation changes, can help businesses prepare for tax deadlines and maintain smooth operations.

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