Taxpayers: Why YOU Should Participate in this Local Survey by SAICA
- As costs of compliance fall SARS revenues should increase, lessening future tax hikes
- Low tax compliance costs will encourage investment in South Africa
- It will allow business to focus more on their business which in turn should stimulate job growth.
There are three major cost components to tax compliance:
- Internal costs of your staff completing tax returns, making payments and responding to SARS queries;
- Costs of using tax professionals to assist with the above processes; and
- Other costs such as travel claims and using software to compile tax returns.
Of particular interest is that this survey will form a baseline against which future measures can be scientifically evaluated as to how effective they are.
Help reduce tax compliance time and costs
Why not let your voice be heard and participate in the survey? Read the “Participant Information Sheet” and find the link for the survey on SAICA’s website here.
On page 2 of the letter click on the relevant category:
- Individual;
- SME; or
- Large corporate.
Please note that the closing date to complete the survey is March 30th.
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