Guiding consumers since 2009

SARS to have advisory committee

By Staff Writer
Finance Minister Nhlanhla Nene announced that he will be appointing an advisory committee for the South African Revenue Services (SARS).
 
The committee will be chaired by retired Judge Frank Kroon.
 
"Judge Kroon's appointment has been made after consultation with the Minster of Justice and Correctional Services, Michael Masutha," said Nene.
 
This was announced last week at the budget speech.
 
Committee's task
 
The primary task of the advisory committee is to direct the long-term strategy of SARS.
 
This will be done by ensuring that decisions about the revenue and customs authority's operations, personnel, budget and technology support its long-term strategy.
 
The committee will also advise Nene on business plans, modernisation of technology systems, and budget.
 
SARS and the media
 
The committee will also review the events which have been reported on by the media, such as the suspension of key SARS members.
 
"I would like to inform South Africans that there are processes underway to bring about closure on this matter as soon and as amicably as possible," said Nene.
 
Nene went on to say SARS and all the relevant parties concerned need time in order to complete these processes, and "thus bring an end to this difficult chapter in the history of our most important fiscal institution."

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

Deals

Builders Black Friday Special

Price: R5000
When: Until 29 November 2019
Where: Online

Café Rousse Monday Special

Price: Available on request
When: Mondays
Where: Nationwide

Skye Bar Mojito Special

Price: R55
When: Until 31 December 2019
Where: Johannesburg