
Bank freeze and SARS recovery powers converge in VAT fraud case
The judgment considered Bidvest’s contractual authority to suspend the account separately from SARS’s subsequent use of section 179 of the Tax Administration Act.

The judgment considered Bidvest’s contractual authority to suspend the account separately from SARS’s subsequent use of section 179 of the Tax Administration Act.

From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.