New bill gives Sars right to come after the richs assets

Boat clubs will periodically have to provide information to Sars on yachts and other watercrafts parked and stored.

The Draft Tax Administration bill will, once enacted, provide Sars officials with special powers. For example, a Sars official will be able to search and seize documents and assets without obtaining a warrant from a judge, which may be seen as a contravention of a persons Constitutional right to privacy. In addition, boat clubs will periodically have to provide information to Sars on yachts and other watercrafts parked and stored. Although I support Sarss endeavour to collect all revenue due to the fiscus, I am not of the view that no organ of state should have an absolute power with the belief that that power will be exercised diligently by government officials who have a subjective perspective. Sars has, however, indicated that those powers will be applied only where appropriate against tax evaders.

TAXtalk: www.taxtalk.co.za.

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