Upload
edita
View
56
Download
0
Tags:
Embed Size (px)
DESCRIPTION
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 . - PowerPoint PPT Presentation
Citation preview
Revenue Conference 2014
Fair and Efficient Revenue Collection
220 years of Tax and Customs Administration
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
320 years of Tax and Customs Administration
We are a Revenue AuthorityTax and Customs administration in South Africa
Staff Compliment
15, 000 2,597 Customs Officers
SEA AIR LAND/ROAD RAIL
16 million individual taxpayers
2.7million companies
40k importers
245k exporters
3k clearing agents
Volumes (2013)
Number of Transactions/Declarations: 6 mil
Transaction Value R2,6 trillion (USD 253,7)
420 years of Tax and Customs Administration
SARS REVEUE COLLECTIONS
On average Customs contributes
about 20% of total SARS revenue collection
F/YTotal tax
(R'billion)Total tax
(US$'billion)2006/07 495.5 70.4 2007/08 572.8 80.3 2008/09 625.1 70.6 2009/10 598.7 76.5 2010/11 674.2 93.7 2011/12 742.6 99.8 2012/13 813.8 95.7 2013/14 899.8 88.8
520 years of Tax and Customs Administration
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.
620 years of Tax and Customs Administration
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 by Fairness
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
What do we understand Efficiency
720 years of Tax and Customs Administration
To enhance fairness and efficiency the WCO calls for:
WCO Revenue Package Areas of Focus
Impact of SARS effortTrade Facilitation measures SARS’ accession to the RKC :
Implementation of customs clearance by procedure.
Implementation of simplified procedures.
Enhanced Customs controls in valuation SARS is rebuilding this area as we have lost a number of personnel to the private sector .
We are working with the WCO to assess our capability gap.
Implemented a new integrated Customs processing system and tariff engine.
Improved Classification capability
Better control of benefits arising from preferential agreements
Improved compliance and enforcement We have publicised a Compliance Programme
Introduction of the Preferred Trader initiative - foundation for the AEO programme with Trade
SARS efforts/ alignment 0% 100%
820 years of Tax and Customs Administration
The following Challenges continue to erode the revenue base resulting in revenue leakages:
® Under-valuation ® Under-declaration ® Mis-declaration ® Smuggling
Challenges to Revenue Collection
920 years of Tax and Customs Administration
Customs ProgrammesSegmentation of the trade to
allow for customised service and risk application
Use of technology to enhance Customs
Control
Risk Management Simplification and Modernising Customs Law
Customs System Overhaul
Improvement Efforts @ SARS
Efficiency
1120 years of Tax and Customs Administration
Settlement Committees Compliance with the Promotion of Administrative Justice Act (PAJA)
Governance structures - Fairness
Portfolio Committee on FinanceService Monitoring Office Internal Audit Tax Ombud
Ensuring fair treatment of public
and taxpayers
Thank You !