SARS is coming after bank accounts in South Africa

• SARS can freeze and recover funds moved between bank accounts.
• The dispute originated with Hill Side Trading and Projects, which submitted VAT returns reflecting a refund claim of R3.28 million.
• SARS has a powerful recovery mechanism under the Tax Administration Act (TAA), particularly where SARS believes that money improperly obtained from the fiscus is at risk of being dissipated.