You Can’t Afford to Ignore a SARS Assessment in the Era of “Project AmaBillions”
The South African Revenue Service (“SARS”) is no longer the passive revenue service many South Africans remember. With the injection of R3.5 billion from the national budget and the ominous launch of “Project AmaBillions,” SARS has entered its most aggressive phase of enforcement in years and is quickly turning into one of the most sophisticated, assertive, and unrelenting revenue authorities in the world.
SARS’ “Project AmaBillions”: Surge in VAT Audits Expected, to Meet R70 Billion Collections Target
According to recent media reports, SARS has launched a new initiative — Project AmaBillions — as part of its broader strategy to boost revenue collection by an additional R70 billion over the next three years.
Opening Blows in Transfer Pricing Case Where SARS Fights for Additional R1 Billion of Taxable Income
On 15 April 2025 the Tax Court heard the opening skirmishes in what may develop into one of South Africa’s largest and most complex Transfer Pricing cases. At stake is an adjustment of R1 billion on the taxable income of a JSE listed company, translating to roughly R280 million in additional taxes for just two years of assessment.
Voluntarily Disclose to SARS or Face Severe Penalties, Even Imprisonment | A More Aggressive SARS: Project AmaBillions and a R7.5 Billion War Chest
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.
9,000 Imported Gold Coins: Tax Court Ruling Leaves Taxpayer R26 million in VAT Out of Pocket
SARS Commissioner Edward Kieswetter has spelled it out again after the May 2025 Budget Speech: SARS is committed to collecting significantly more tax this year. He warned that the South African Revenue Service (SARS) will use all legal instruments to address non-compliance.