SARS Audits: Speedbump for Luxury Vehicle Owners

In the Preliminary revenue results announcement earlier this month, the South African Revenue Service (“SARS”) declared unprecedented revenue collection figures arising from taxpayer audits and investigations over the preceding tax year. In his compliance address, SARS Commissioner Edward Kieswetter (“Kieswetter”) reported 854 strategic taxpayer audits being conducted during the 2022/2023 tax year which yielded R5.4 billion in additional revenue collection.

Jashwin Baijoo
Head of Strategic Engagement & Compliance

Richan Schwellnus
Tax Associate