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LATEST Tax  

5.8% of the population is paying about 92% of all personal tax

5.8% of the population is paying about 92% of all personal tax

1 Mar 2021 /  Roy Cokayne   56
They are also paying about 85% of all Vat.
Government growth projections considered ‘realistic’

Government growth projections considered ‘realistic’

26 Feb 2021 /  Amanda Visser   2
Major concerns about plans to cut wage bill and reduce deficit.
Sec 12J: ‘Treasury’s decision will accelerate capital flight and harm SMMEs’

Sec 12J: ‘Treasury’s decision will accelerate capital flight and harm SMMEs’

UPDATE
25 Feb 2021 /  Dino Zuccollo   7
Industry body believes the policy still has much to offer in terms of investment, growth and job creation.
Sars gets large injection to improve technology infrastructure

Sars gets large injection to improve technology infrastructure

25 Feb 2021 /  Amanda Visser   12
Also starts legal processes to recover unwarranted expenditure.
End of the road for Section 12J

End of the road for Section 12J

24 Feb 2021 /  Larry Claasen   2
The incentive will come to an end at the end of June.
Tax relief for embattled taxpayers, but not all is rosy

Tax relief for embattled taxpayers, but not all is rosy

24 Feb 2021 /  Amanda Visser   15
Above-inflation increases in alcohol and tobacco excise duties announced.
Government targets tax incentives because of ‘persistent trade-off’

Government targets tax incentives because of ‘persistent trade-off’

24 Feb 2021 /  Amanda Visser   
Section 12J sunset date will not be extended.
Rules about working from home need attention

Rules about working from home need attention

23 Feb 2021 /  Amanda Visser   5
There are instances where people will be able to claim some expenses, but the burden of proof remains tough.
Wealth tax unlikely, says audit firm EY

Wealth tax unlikely, says audit firm EY

23 Feb 2021 /  Ekow Eghan   4
Budget is expected to focus on the trend of tax enforcement and improved collections.
SA’s nuclear energy housekeeping costs – who will foot the bill?

SA’s nuclear energy housekeeping costs – who will foot the bill?

22 Feb 2021 /  Chris Yelland   3
No real money, securities or investments of any kind have actually been set aside to cover the country’s nuclear waste disposal and decommissioning liabilities.
Is a corporate excess profits tax on the cards?

Is a corporate excess profits tax on the cards?

22 Feb 2021 /  Barbara Curson   5
Rather than increase taxes for citizens – who have reached their taxation ceiling – an unprecedented solution may be in order.
Is a corporate excess profits tax on the cards?

Is a corporate excess profits tax on the cards?

21 Feb 2021 /  Barbara Curson    17
Rather than increase taxes for citizens – who have reached their taxation ceiling – an unprecedented solution may be in order.
South African high earners’ exodus may limit room for tax hikes

South African high earners’ exodus may limit room for tax hikes

21 Feb 2021 /  Prinesha Naidoo, Bloomberg    19
More than fifth of all houses valued at R2.6m or more were put on the market by emigrants.
Promising collection signs alleviate pressure for tax increases

Promising collection signs alleviate pressure for tax increases

19 Feb 2021 /  Amanda Visser   2
There may even be room for taxpayer relief.
Tax on tobacco, alcohol and cool drinks works well

Tax on tobacco, alcohol and cool drinks works well

18 Feb 2021 /  Adriaan Kruger   24
We are making healthier choices, because people respond to financial incentives.

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