The South African Revenue Service (SARS) wants to introduce new laws that will enable wide-reaching lifestyle audits, helping it clamp down on taxpayers whose lifestyles don’t match their means. The legislative changes are contained in the new draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, published on 14 January 2026. The proposals aim to grant the Financial Intelligence Centre (FIC) statutory power to conduct lifestyle audits.
Sam Busa