Thousands declare offshore wealth
The South African Revenue Service (SARS) says close to 2000 people have voluntarily come forward with details of their offshore accounts.
SARS executive Randall Carolissen was responding to a question on how many people have since come forward following the release of the Panama and Paradise papers.
Carolissen says those who came forward did so through through Special Voluntary Disclosure (VDP).
“We have also realised close to R2billion from those who have come forward”.
“That is just the people who have come forward and we are still having discussions with those who have not come forward yet,” says Carolissen.
ALSO READ: SARS pays out R19 billion to taxpayers
SARS together with National Treasury released the 10th annual edition of tax statistics.
The statistics demonstrate that tax revenue collected all but doubled in 10 years.
Revenue collected increased from R572.8 billion in 2007/08 to R1 144.1 billion in 2016/17.
WATCH: SARS' Randall Carolissen speaks of tax compliance at the release of the 2017 #TaxStatistics Bulletin in Tshwane pic.twitter.com/sd5BB0Wy6R
— SA Gov News (@SAgovnews) December 12, 2017