WATCH: Minister of Finance to address tax indaba



 

 

 

Editor’s note: This live stream has ended. Watch the recording above, on DStv 403 or DStv Now.

JOHANNESBURG - A tax indaba is taking place at the Sandton Convention Centre. The focus on Monday will be on policy.

Minister of Finance Malusi Gigaba and SARS Commissioner Tom Monyane will be meeting members of the CEO Initiative as part of efforts to ensure business, labour and government are on the same page on key projects.

Gigaba said the indaba was a platform to discuss how South Afrca's tax system could serve society as a whole.

He said South Africa was recovering from a recession after posting GDP growth figures of 2.5-percent in the second quarter of the year. However the improvement in GDP performance did not indicate it was time to become complacent.

The minister said the country's revenue base had to improve and business, labour, government and individuals had to keep working together to grow the economy.

SARS Commissioner Tom Moyane apologised for the technical glitches at Sars. He said, “I’m aware that you have been grappling with SARS technical issues in this tax year in particular.

"We are truly apologetic for these glitches, the inconvenience it caused and the impact on your work this has caused.

"It’s impossible for us to interact with you. However I believe we have resolved a number of (the issues) and we continue to improve on our system to make the tax administration process easier and more convenient for the taxpayer and the tax professional like yourselves.”

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