SARS warns of more raids

SABC News SARS 300x152 - SARS warns of more raids

The South African Revenue Service (SARS) has warned of more raids in the coming weeks as more evidence emerges from various commissions of inquiry.

The warning comes after the revenue collector raided the premises of African Global Operations, formerly known as Bosasa, on Friday afternoon.

Reports say the revenue collector’s newly-established Illicit Economy Unit led the operation.

Bosasa has applied for voluntary liquidation after FNB and Absa said it would sever ties with the company and told it to find a new financial partner by the end of the month.

The company has been the centre of the Commission of Inquiry into State Capture, following allegation of impropriety, fraud and corruption.

SARS acting chief officer for enforcement, Viwe Mlenzana explains: “Our interest is tax issues and non-compliance of tax issues. We have a mandate to collect every cent that is owed to the fiscus and to ensure there is compliance with tax laws and we do this thing without any fear or favour.”

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