The South African Revenue Service (SARS) has participated in two multilateral meetings to cement international tax co-operation in Africa and among the BRICS [Brazil, Russia, India, China and South Africa] countries.
During the 7th Bi-annual ATAF General Assembly, Togo and South Africa were re-elected as Chair and Vice Chair of ATAF, respectively. Under the theme, ‘Rethinking Revenue Strategies: The Human Face of Taxation’ hybrid event saw more than 500 attendees, representing 33 tax administrations and 15 partner organizations. “The meeting discussed various tax-related issues, including the importance of domestic resource mobilization to development financing, technology and human capital, the Two-Pillar Solution aimed at addressing the tax challenges arising from the digitalization of the economy, reforms to enhance fiscal resource mobilization, the maximization of natural resource rents, as well as curbing illicit financial flows,” said SARS.
The highlight of the Heads of Tax Authorities meeting was the endorsement to launch the first issue of the BRICS Tax Best Practices compilation, a collection of insightful administration case studies from BRICS Tax Authorities. South Africa will assume the chairmanship of BRICS at the beginning of 2023 and will subsequently host the BRICS Tax meetings in 2023. “International cooperation is crucial in enabling SARS to deliver on is mandate. Working with and through stakeholders to improve the tax system is implicit in our strategic direction.
Published on: Tralac
Publication Date: 07/11/22