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Revenue Conference 2014

Revenue Conference 2014. Fair and Efficient Revenue Collection. 2 nd Biggest Economy in Africa ( 25 th in the World) 25% unemployment 2 % Growth outlook Negative Balance of Trade Credit Rating: BBB Tax revenue to GDP: 26%. Economic Overview .

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Revenue Conference 2014

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  1. Revenue Conference 2014 Fair and Efficient Revenue Collection

  2. 2nd Biggest Economy in Africa ( 25th in the World) • 25% unemployment • 2% Growth outlook • Negative Balance of Trade • Credit Rating: BBB • Tax revenue to GDP: 26% Economic Overview

  3. Tax and Customs administration in South Africa Staff Compliment We are a Revenue Authority 15, 000 2,597 Customs Officers • 16 million individual taxpayers • 2.7million companies • 40k importers • 245k exporters • 3k clearing agents SEA AIR LAND/ROAD RAIL

  4. SARS REVEUE COLLECTIONS On average Customs contributes about 20% of total SARS revenue collection

  5. Elements of Customs Revenue The Customs Division is primarily responsible for collecting all trade-related revenue, however it is also collects other revenue such as environmental levies on imported incandescent light bulbs.

  6. What do we understand by Fairness • Predictable and Transparent Customs Procedures • Consistent application of the law • Independent/effective appeal mechanisms • Ability to effectively address unfair practices (levelling the playing field) What do we understand Efficiency • Ease of doing business/ make it easy to comply • Removal of unnecessary impediments for legitimate trade • Doing more with less/ utilising limited resources in response to the ever increasing mandate

  7. WCO Revenue Package Areas of Focus To enhance fairness and efficiency the WCO calls for: 0% 100% SARS efforts/ alignment

  8. Challenges to Revenue Collection The following Challenges continue to erode the revenue base resulting in revenue leakages: • Under-valuation • Under-declaration • Mis-declaration • Smuggling

  9. Improvement Efforts @ SARS Customs Programmes Use of technology to enhance Customs Control Segmentation of the trade to allow for customised service and risk application Customs System Overhaul Simplification and Modernising Customs Law Risk Management

  10. Efficiency

  11. Governance structures - Fairness • Settlement Committees • Compliance with the Promotion of Administrative Justice Act (PAJA) Portfolio Committee on Finance Ensuring fair treatment of public and taxpayers Service Monitoring Office Internal Audit Tax Ombud

  12. Thank You !

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