SARS

What's currently being written about the SARS virus around the web...

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• SARs ruling brings relief to law firms
23 May 2012 at 7:15pm
A Court of Appeal ruling on anti-money-laundering obligations will bring relief for businesses, including law firms, and remind lawyers of the importance of having appropriate systems to evidence concerns leading to suspicious activity reports (SARs). In a judgment last week, the court dismissed a claim made by Zimbabwean national Jayesh Shah against HSBC Private Bank for damages allegedly ...

• Companies dodging taxes - SARS
24 May 2012 at 3:38am
The low level of tax compliance by companies is "less than satisfactory" and compares unfavourably with individuals, whose compliance has shown dramatic improvement, says South African Revenue Service (SARS) head Oupa Magashule.

• Sars: Large companies avoiding tax in SA
8 May 2012 at 8:55am
The SA Revenue Service accuses large multinational firms of using complex transactions to illegally reduce local tax payments, costing the economy billions.

• South Africa Loses CGT Exit Charge Appeal
10 May 2012 at 11:25pm
The South African Revenue Service (SARS) has lost its Supreme Court appeal on a case concerning the capital gains tax (CGT) that it said should be applied on a deemed disposal when a taxpayer becomes non-resident.

• NEWS SCAN: Smallpox vaccine extension, SARS vaccine grant, flu in bird handle...
24 May 2012 at 5:06pm
Bavarian Nordic gets smallpox vaccine contract extension Bavarian Nordic, a drug company based in Denmark, announced it has received a $32 million contract extension from the US government for it work on Imvamune, a third-generation smallpox vaccine for the nation's Strategic National Stockpile.

• Sars slaps firm with R136m tax bill
29 Apr 2012 at 9:40am
The SA Revenue Services has slapped a North West firm with a whopping R136m tax bill after it uncovered that the company had fraudulently claimed R38m in tax returns.

• 'Companies dodging taxes'
24 May 2012 at 7:08am
The low level of tax compliance by companies is "less than satisfactory" and compares unfavourably with individuals, whose compliance has shown dramatic improvement, says South African Revenue Service (SARS) head Oupa Magashule.

• SARS targets construction
9 May 2012 at 1:09am
After tackling VAT evasion with considerable success, the SA Revenue Service will take on rampant tax fraud in the construction sector, Commissioner Oupa Magashula said on Tuesday.

• UN global health agency chief wins 2nd term
23 May 2012 at 11:10am
Dr. Margaret Chan, who has steered the World Health Organization through crises over bird flu and the respiratory SARS bug, has won a second five-year term as its director-general.

• Nations approve Dr. Margaret Chan for 2nd term at helm of UN health agency
23 May 2012 at 11:13am
GENEVA - Dr. Margaret Chan, who has steered the World Health Organization through crises over bird flu and the respiratory SARS bug, has won a second five-year term as its director-general.

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