How SARS can help fund your next renewable energy investment
As South Africa grapples with its energy crisis, the significance of Section 12BA investments and Innovate Solutions cannot be overstated.
As South Africa grapples with its energy crisis, the significance of Section 12BA investments and Innovate Solutions cannot be overstated.
The buoyancy of commodity prices – a direct consequence of the Ukraine War – has made a huge difference to SA’s financial position.
The good news is SA Treasury’s tax revenues have surged due to the commodity price boom with R128bn more flowing into the national coffers than was anticipated in February.
MyBroadband reports that SARS has sent audit requests to taxpayers requesting them to disclose cryptocurrency trades and purchases.
Treasury has revised gross tax revenue estimate for 2020/21 by R8.7bn billion compared with the projection in the June special adjustments budget.
In a jovial manner Finance Minister Tito Mboweni tweeted over the weekend that ‘legalising this thing (cannabis) = more tax revenue.’
South Africa will struggle to meet revenue estimates this year, even as the new head of the tax agency sets about repairing the “deep damage” that took place under his predecessor’s watch.
When it comes to how the NHI will hit your pocket, here’s a piece of advice; “don’t hold your breath; it will take six years.”
There is a “clear danger” that South Africa’s state-owned power utility Eskom Holdings could default on its debt, S&P Global Ratings said.
Business Leadership South Africa has come out against the South African Revenue Services’ proposed transfer of customs functions to a new Border Management Agency.