BUSINESS OF TAXATION

MEMORANDUM ON CO-OPERATION

THE SA REVENUE Service (Sars) and the National Treasury on Friday signed a five-year memorandum of cooperation (MoC) with the Organisation for Economic Co-operation and Development (OECD), agreeing to continue to work together in the area of taxation. The MoC provides for the continuation of co-operation towards the achievement of the common objective of promoting fair and efficient tax systems and administrations, strengthening and modernising international taxation areas through the sharing of experiences between Sars, National Treasury and OECD member countries. Sars said the three parties had a long history of collaboration and the MoC would be in place until December 2023. Ben Dickinson, head of the OECD global relations at the Centre for Tax Policy and Administration, said he was delighted by the strengthening of their partnership with Sars and National Treasury. “We have together delivered successful training events as part of the Global Relations Programmes in the past years and I look forward to expanding our collaboration to blended learning and e-learning,” he said. I African News Agency (ANA)