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SARS Acting Commissioner Mark Kingon gives update on engagements with Bain Capital
This year South African Revenue Services reduced its individual tax season by a month and has closed reported improved numbers of submissions within time said to be over 90 per cent. Joining CNBC Africa to unpack how this was likely achieved and look at penalties for late submission is Mark Kingon, SARS Acting Commissioner.
Tue, 06 Nov 2018 10:50:08 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Mark Kingon's willingness to consider the permanent role of Commissioner of SARS reflects a commitment to delivering on the organization's mandate for national success.
- SARS is actively cooperating with the Commission of Inquiry to strengthen organizational processes and emerge stronger from the review.
- Efforts to address revenue collection targets amidst economic challenges include enhancing tax compliance, resolving outstanding issues with Bain Capital, and sustaining service excellence to rebuild trust with taxpayers.
South African Revenue Services has been making significant strides in improving tax compliance and revenue collection. Acting Commissioner Mark Kingon recently shared insights on the organization's efforts to enhance taxpayer morale and meet revenue targets amidst a challenging economic environment. In a recent interview with CNBC Africa, Kingon addressed key issues such as his potential permanent appointment, engagements with Bain Capital, cooperation with the SARS Commission of Inquiry, and the impact of new leadership in the finance ministry on SARS operations.
When questioned about the possibility of becoming the permanent Commissioner of SARS, Kingon expressed his willingness to consider the role, emphasizing the importance of delivering on the organization's mandate for the country's success. He highlighted the need for a strong organizational foundation to ensure effective service delivery.
Regarding the SARS Commission of Inquiry, Kingon assured full cooperation to facilitate a comprehensive review and strengthen the organization's future trajectory. He underscored the commitment to emerging stronger from the inquiry process and moving the organization forward.
In response to inquiries about engagements with Bain Capital, Kingon mentioned ongoing discussions aimed at resolving outstanding issues related to the consultancy's work at SARS. While specifics were not provided, he indicated that progress was being made in addressing relevant matters.
Despite recent leadership changes in the finance ministry, Kingon asserted that SARS operations remained stable and focused on delivering results. He commended Finance Minister Tito Mboweni for his support and expressed readiness to collaborate closely to meet revenue targets.
Addressing concerns about revenue collection targets amidst economic challenges, Kingon acknowledged adjustments made in response to revised budget projections. He highlighted the importance of addressing tax compliance gaps and enhancing collection efforts to achieve revenue goals.
When asked about improvements in tax morale, Kingon emphasized efforts to rebuild trust with taxpayers and the professional community. He acknowledged the need for sustained commitment to improving service delivery, including expediting refund processes and addressing disputes promptly.
In conclusion, Kingon reiterated the importance of demonstrating commitment to service excellence and building trust with taxpayers. He stressed the significance of ongoing efforts to enhance tax compliance and revenue collection in South Africa.
As the SARS continues its initiatives to drive taxpayer compliance and boost revenue collection, Acting Commissioner Mark Kingon's leadership underscores a renewed focus on service excellence and organizational integrity.
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