Aggressive debt collection, increased audits, and efforts to curb Vat fraud and stem illicit trade set to pile on the pressure.
Unlike the last few years, where higher commodity prices have assisted in increasing tax revenues from mining companies, this year, commodity prices have fallen faster than expected, resulting in lower-than-expected tax revenues with value-added tax (Vat) refund claims having increased in the same period.
Source: www.moneyweb.co.za
