SARS annual report | Taxman recovers billions from crime

JOHANNESBURG - The South African Revenue Service (SARS) has been able to recover over R80-billion in revenue from criminal and illicit activities.

In its latest annual report, the revenue service said that the collection of R8.2-billion is more than 300 percent compared to the previous period.  

SARS says the significant improvement in the collection is a direct result of its increased services capacity and stringent processes and oversight.

But the organisation says there is still a lot of work to be done.

Commissioner, Edward Kiesweater says legislation regarding Sars should be altered to allow the revenue service to look intensely into taxpayers with assests, including luxury vehicles and properties.