Inside Your Business - Fix These Payroll Mistakes Before SARS Finds Them
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Guest – Tanya Tosen, Tax and Remuneration Specialist at Tax Consulting SA.
In a tightening economy, the South African Revenue Service (SARS) is under increasing pressure to collect every cent it can to shore up the South African fiscus. While many compliant businesses play by the rules, it is becoming clear that some large corporates are pushing the envelope too far sometimes unintentionally, but often with eyes wide open.
Whether driven by cost-saving efforts, legacy practices, or poor advice, some employers are taking liberties that will notwithstand the scrutiny of a SARS audit. And with SARS’ improved data matching, AI-powered risk profiling, and growing appetite for corporate audits, it is no longer a question of if, but when they come knocking.
In a tightening economy, the South African Revenue Service (SARS) is under increasing pressure to collect every cent it can to shore up the South African fiscus. While many compliant businesses play by the rules, it is becoming clear that some large corporates are pushing the envelope too far sometimes unintentionally, but often with eyes wide open.
Whether driven by cost-saving efforts, legacy practices, or poor advice, some employers are taking liberties that will notwithstand the scrutiny of a SARS audit. And with SARS’ improved data matching, AI-powered risk profiling, and growing appetite for corporate audits, it is no longer a question of if, but when they come knocking.