This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
South African Revenue Service Issues Fraud Alert,
by Robert Lee, Tax-News.com, London
Wednesday, February 11, 2009
The South African Revenue Service (SARS) has issued an alert to warn the public against a number of scams currently underway which seek to defraud taxpayers of money or to obtain their bank and other personal details.
Two scams have been brought to the attention of SARS in recent days. The first
involves emails being sent to unsuspecting taxpayers informing them that they
are owed an income tax refund and requesting them to complete a refund form
in order to get the fictitious refund. This “refund form,” which
copies the SARS eFiling logo and website style, requires taxpayers to provide
their debit or credit card number and PIN numbers.
The second scam is aimed at VAT vendors and also uses a copied SARS eFiling
letterhead. It requests that VAT vendors make all VAT payments into a fraudulent
bank account.
Both scams have been referred to the South African Police Service and SARS’s
criminal investigation divisions for further investigation.
"SARS would like to remind taxpayers that they should never divulge personal
details and banking details to anyone over the telephone, email, fax or internet
without establishing the true identity of the recipient," SARS warned in
a statement, adding:
"SARS eFilers are only notified via email or SMS that their income tax
assessment has been processed. To access their IT34, the eFiler is required
to log in to their unique profile on eFiling using their username and password.
The IT34 will then reflect whether the taxpayer is due or a refund or additional
tax on assessment."
To prevent fraud, SARS last year did away with issuing of refund cheques and
will only pay refunds into verified bank accounts.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.