Customs

Sars 2016/17 Annual Report

The South African Revenue Service (Sars) has published its Annual Report 2016-2017, as ‘What's New!’ under ‘ANNUAL REPORTS & STRATEGIC PLANS’, but strangely not under the ‘WHAT’S NEW AT SARS?’ where it normally publishes its news. There is no reference to when it was published.

If you read nothing else in the report, you need to read page 156, point 33 ‘Executive remuneration’. You need to read it in conjunction with point 38 ‘Irregular Expenditure’.

The 11 Sars executives secured R3 million in bonuses. Interestingly, five executives received no bonuses. So, six executives secured R3 million of which three nearly secured R2.5 million. The chief officer: legal counsel, in the position for 10 months, secured a bonus of R720 000.

The chief officer: Customs and Excise was one of the three executives that received a bonus of a mere R185 000, but was still the fifth highest paid executive with R4 030,000, but on salary alone the second highest, R3 419 000. Second only to the Commissioner for Sars at R3 665 000.

SA Customs Buzz