Tips are generally awarded in money, for example, cash, cheque or by adding the tip to the total amount paid when making a credit or debit card payment. However, tips are not restricted solely to money and may take another form, for example, tickets to.

Nov 21, 2024 · If you are suspecting a SARS staff member to be involved in malpractice or corruption, report it here. Examples include requesting payment for a free SARS service (such as filing a tax return), promising/facilitating a tax refund or tenders, clearing debt or promising/facilitating the irregular release of goods or vehicles.

Dec 20, 2024 · We are keen that you consider reporting any suspicious activity which may have relevance to tax to us here at SARS. We want to be sure that everyone is paying their fair share of tax here in South Africa. Reporting non-compliance is easy to do. What would we consider a suspicious activity?

FinCEN publishes The SAR Activity Review – Trends, Tips & Issues periodically as a product of close collaboration between FinCEN's regulatory, law enforcement and industry partners. It is intended to provide meaningful information about the preparation, use, and value of Suspicious Activity Reports (SARs) filed by financial institutions.

Jan 6, 2025 · According to Recommendation 21, which is even called “Tipping-off and confidentiality”, Financial institutions, their directors, officers, and employees should be prohibited by law from disclosing the fact that a suspicious transaction report or related information is being filed with the FIU.”

Mar 11, 2024 · Dispute Resolution Services (DRS) is publishing this guidance to remind parties and their representatives, arbitrators, and mediators that the unauthorized disclosure of a Suspicious Activity Report (SAR) is a violation of federal law that may be punishable by civil and criminal penalties.

Feb 18, 2025 · According to Recommendation 21, which is called “Tipping-off and confidentiality,” financial institutions, their directors, officers, and employees should be prohibited by law from disclosing the fact that a suspicious transaction report or related information is …

Contrary to what some people may think, the gesture of ‘tipping’ or freely given financial reward for services provided is taxable according to the South African Revenue Service (SARS). Teryl Schroenn, CEO of Accsys, explains that this is the case if tips are considered part of your gross income and have to be declared to SARS.

Oct 18, 2023 · The tax treatment of tips paid by patrons to waitrons has now been clarified by SARS. The establishment/employer is merely holding the funds for the waitron/employee and performing a distribution role for the customer/patron.

Mar 10, 2023 · It is essential to understand that a waitron receives a ‘tip’ from a patron, which the Act defines as “ [a] person, other than an owner, who awards a recipient a tip for services received;”, meaning a ‘tip (s)’ is not considered remuneration in the eyes of SARS.