South African Revenue Service (Sars) commissioner, Tom Moyane, has called for collective cross-border strategies to respond to the regional customs and tax challenges, which could potentially lead to a continental discussion under the African Tax and Administration Forum (Ataf).
Speaking at Friday’s forum of commissioners from bordering countries – including Swaziland, Lesotho, Zambia, Botswana, Namibia and South Africa – Moyane said exports out of developing countries were often under-invoiced so that income was accrued abroad, and imports into developing countries were often under-invoice, so that the excess payment accumulated in foreign accounts.
Sars convened the forum to deliberate on core tax and customs issues, to chart a road map going forward and maximise the respective participating countries’ statutory mandates of revenue collection.
Participants debated issues linked to illicit financial flows, base erosion and profit sharing, transfer pricing and cross-border enforcement.
‘Collective border strategies needed for tax collection’ - Sars
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