Tag: tax audit

MultiChoice Group (MCG or the group) grew its user base by 5% during the period ended 30 September 2022 (1H FY23). An ongoing focus on leveraging the group’s local capabilities added 1.0 million 90-day active subscribers to close the period on 22.1 million subscribers, with the subscriber base split between 13.0 million households (59%) in the Rest of Africa and 9.1m (41%) in South Africa.

Apart from the fact that ambitious thefts and wild plot twists lend themselves to quality entertainment, the appeal of heist movies likely stems from the fact that watching skilful action is cathartic and we tend to live vicariously through our favourite big screen criminals. And one warning the heist leader always issues to his or her fellow crooks is to avoid spending their share of the loot too soon, lest they draw unnecessary attention to themselves.

Transfer pricing audits can be onerous, but taxpayers can achieve a more successful outcome by providing all information requested, anticipating areas of concern, and engaging openly with the South African Revenue Services (SARS).

SARS Commissioner, Edward Kieswetter, has used the South African Institute of Tax Professionals’ Tax Indaba as a platform to fire a shot across the bow, letting taxpayers know that non-compliance will be met with the full force of the National Prosecuting Authority (NPA).