Guiding consumers since 2009

SARS suspends Jonas Makwakwa

By Jessica Anne Wood

The South African Revenue Service (SARS) has suspended Jonas Makwakwa, second in charge at the tax agency. This follows reports earlier this week of suspicious deposits into Makwakwa’s personal bank account since 2010 amounting to R1.2 million.

Following reports that Makwakwa had been suspended, David Maynier, the Democratic Alliance (DA) Shadow Minister of Finance, said: “We welcome the news that South African Revenue Service Commissioner, Tom Moyane, has suspended the Chief Officer of Business, Individual Taxes and Digital Information Systems, Jonas Makwakwa, who allegedly received ’suspicious and unusual payments’ in the amount of R1.2 million between 2010 and 2016.”

However, Maynier has noted with concern the time taken for Moyane to take action against Makwakwa. According to Maynier, the issue regarding Makwakwa finances was raised with Moyane at a meeting of the Standing Committee on Finance on 23 August.” We must now determine whether, in dealing with this matter, Tom Moyne, acted correctly and in the best interests of the South African Revenue Service.”

In a statement released by National Treasury on Thursday, it stated: “The Ministry of Finance notes the suspension of the senior official at SARS that is reported in the media. National Treasury has not been formally informed yet (13:25). However, National Treasury met with Mr Moyane and another senior official this week to discuss the matter. We are awaiting further information on the action that is to be taken by the senior management of SARS in this matter.

“National Treasury believes that public confidence and transparency are critical in order to be seen to be doing the right thing in this matter.”

SARS was contacted for comment but had not responded at the time of publication.

 

 Handy tip: If you need help with your taxes you can apply with TaxTim through Justmoney, click here.

Recent Articles

Featured Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

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 – which 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. 

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