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The South African Institute of Taxation (SAIT) welcomes the release of the Office of the Tax Ombud’s (OTO) draft systemic investigation report into SARS eFiling profile hijacking, which exposes the alarming rise in sophisticated fraud targeting tax practitioners and taxpayers alike.
The annual draft tax bills recently circulated for comment by the National Treasury and the South African Revenue Service (SARS) contain contentious proposed amendments to the understatement penalty (USP) regime.
Are financial advisers ready for the combined impact of COFI and AI?