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600,000 tax clearance certificates issued

Requests for tax clearance certificates from the South African Revenue Service (SARS) have increased to more than 600‚000 per year.
Finance Minister Pravin Gordhan said in the medium-term budget policy statement that tax compliance was used as a determinant of "good standing" when the state had to decide whether to award a government tender or not.

Tax clearance certificates are a necessary tool used by government to determine the tax compliance of a company‚ yet there had been corruption in the process of issuing the certificates.

Gordhan said SARS had developed an electronic mechanism for taxpayers to provide real-time‚ up-to-date and continuous tax status to interested parties.

The use of a unique one-time access pin will significantly reduce the scope for fraud and abuse of paper-based tax clearance certificates‚ he said.

The changes will be implemented at the start of the next financial year.


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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