Sars cracks down on bank accounts to combat tax evasion

Sars cracks down on bank accounts to combat tax evasion

Sars is closely monitoring financial transactions and leveraging bank data to identify individuals whose wealth doesn’t align with their tax contributions.

Edward Kieswetter, commissioner of the South African Revenue Service (SARS), thanked South Africans from "all constituencies" for their support over the past month.

Sars collects R1 855 trillion in revenue driven by personal income tax The Mail Guardian – Accountant Log

The tax revenue collected by Sars is used to fund various public services and infrastructure projects across the country. The South African Revenue Service (Sars) is a critical institution in the country’s economy, responsible for collecting taxes and ensuring that individuals and businesses comply with tax laws. Sars said it collected R733.2 billion from personal income taxes during the financial year ending 31 March 2025. This was partly a res…