Hefty sentences for members of syndicate who defrauded SARS of R100m
The group claimed R200m in VAT refunds for importing, storing, and selling diesel.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe group claimed R200m in VAT refunds for importing, storing, and selling diesel.
SARS rakes in more from personal income and VAT, but corporate tax slumps by almost 9%.
Not providing tax relief will be a relatively easy way for a cash-strapped National Treasury to collect revenue.