Project AmaBillions

POST UPDATE

Join Dr Daniel N Erasmus unpack the consequences of this move by SARS in an in-person Seminar Series in September 2025

JOHANNESBURG

SPEAKER: Dr Daniel N Erasmus
DATE: 01 September 2025
TIME: 09h00 – 13h00 (Registration from 08h00)
VENUE: Seven Villa Hotel & Spa, 160 Helen Road, Strathavon, Sandton
CLICK HERE TO BOOK NOW FOR JOHANNESBURG

CAPE TOWN

SPEAKER: Dr Daniel N Erasmus
DATE: 03 September 2025
TIME: 09h00 – 13h00 (Registration from 08h00)
VENUE: Southern Sun The Cullinan, 1 Cullinan Street, Waterfront, Cape Town
CLICK HERE TO BOOK NOW FOR CAPE TOWN

Dr Daniel Erasmus has built a distinguished career representing multinationals in complex tax disputes, defending close to ZAR 60 billion in contested assessments. Remarkably, the average taxpayer represented paid less than 3% of the amount claimed. These successes are driven by Dr Erasmus’ bespoke tax risk management strategies and specialised representation techniques, honed over decades of engagements with SARS and other African revenue authorities.

With SARS targeting an additional ZAR 75 billion in tax collections, multinationals and large corporates should expect a surge in audits and intensified scrutiny. Now, more than ever, organisations must prepare proactively to safeguard their bottom line.

In this high-impact three-hour, in-person seminar, Dr Erasmus will unveil the core tax risk strategies and audit-handling methodologies previously taught to senior executives at institutions such as the Gordon Institute of Business Science (GIBS).

Key Topics to Be Covered

Strategic Tax Risk Management for Multinational Groups
How to Prepare for a SARS Tax Audit
Navigating SARS Audits to Avoid Litigation
Litigation Preparedness: When All Else Fails
Alternatives to Tax Litigation

Book Launch: Conducting a Transfer Pricing Trial — While focused on transfer pricing, the book provides critical insights applicable to all forms of tax audits conducted by revenue authorities.

Exclusive Offer for Attendees

All delegates will receive a FREE PDF copy of Dr Erasmus’ new book, Conducting a Transfer Pricing Trial (retail value: US$250).
Prefer a hard copy? Secure it on the day at a special attendee-only price of US$99.

Who Should Attend?

This seminar is essential for professionals involved in strategic decision-making and tax compliance:

C-Suite Executives — Understand how SARS’ intensified enforcement will impact your organisation
Tax Managers & Tax Professionals
Legal Advisors & Tax Representatives
Accountants & Compliance Officers

What You Will Gain

Attendees will leave equipped to:

Design and execute effective tax risk mitigation strategies
Prepare comprehensively for revenue authority audits
Manage audits to minimise risk and avoid litigation
Leverage low-risk dispute resolution alternatives
Maximise retained earnings through proactive tax governance

Remember: Every ZAR 1 saved adds directly to your organisation’s bottom line. That single Rand saved equates to at least ZAR 20 in turnover—and it takes far less effort to save that ZAR 1 than it does to generate ZAR 20 in revenue.

In April 2025, the South African Revenue Service (SARS) announced an ambitious initiative to bolster tax revenue collection by an additional R75 billion over the medium term. This move comes in response to the government’s decision to reverse a proposed Value-Added Tax (VAT) increase, which was initially intended to address fiscal shortfalls.

I am planning an in-person series of seminars in South Africa later this year to UNPACK what this means for taxpayers. If you have followed my career in tax litigation (see www.taxriskmanagement.com) you will know I have represented taxpayers in tax disputes to the tune of close to R60 billion where (on average) those taxpayers have paid out less than 3% of what was claimed. WHY? My methodology of getting to the heart and truth of what is really due and payable has worked consistently to assist these taxpayer clients.

I INTEND SHARING MY ‘secret recipes’ for success… so look out for the invites. If you want to ensure you are on the invitation list, shoot me an email to Daniel.n.erasmus@me.com HEADING “Invite to R75b seminar series”

Background and Motivation

The reversal of the VAT hike, as detailed by the National Treasury, is projected to create a R75 billion revenue gap over the medium term. To bridge this shortfall without increasing the tax burden on consumers, the government has turned to SARS to enhance its revenue collection efforts.

Central to this initiative is “Project AmaBillions,” a comprehensive strategy aimed at recovering outstanding tax revenues. The project focuses on:

Targeting High-Earning Non-Compliant Individuals: SARS Commissioner Edward Kieswetter highlighted that approximately 100,000 individuals earning over R1 million annually are not registered taxpayers. Addressing this non-compliance could significantly boost revenue.
Leveraging Technology: With an allocation of R7.5 billion over the medium term, SARS plans to modernize its systems using data science, machine learning, and artificial intelligence to identify and address tax evasion more effectively.
Enhancing Compliance Efforts: SARS aims to intensify its compliance programs, including audits and verifications, to ensure that all due taxes are collected.

Implementation Timeline

The enhanced revenue collection efforts are set to roll out over the next three years, aligning with the medium-term expenditure framework. This timeline allows SARS to systematically implement technological upgrades and compliance strategies to achieve the targeted R75 billion increase in tax revenue.

In closing

SARS’s initiative to collect an additional R75 billion in taxes underscores the government’s commitment to fiscal responsibility without imposing additional tax burdens on citizens. By focusing on modernizing tax collection methods and addressing non-compliance, SARS aims to strengthen South Africa’s financial position in the coming years.