Under the Taxes and Duties Act and the State Revenue Service (“SRS”) Act, the tax authority has a wide range of tasks and responsibilities in tax administration. The SRS monitors the economic and financial activities conducted by all entities and individuals and enforces compliance with the tax laws. To fulfil its statutory responsibilities, the SRS carries out various control measures, from ones that can go unnoticed by the taxpayer until a certain moment to serious inspections requiring the taxpayer’s presence. This article explores thematic reviews as well as their substance, key aspects, and expected outcomes.
Each company’s day-to-day work involves communicating with suppliers, distributors and customers. We often see that company employees are not aware that the way they carry out their daily responsibilities can be treated as part of a breach of competition law, which can result in their company facing fines and reputation damage. Even a single email your employee sends in the course of business might contribute to a breach of competition law and make the regulator suspicious. To avoid this, employees as well as management should be aware of risks associated with their day-to-day work and potential breaches of competition law.