This will be the 30th National Budget Azar Jammine will be analysing – and not since the early 1990s can he recall one where the constraints were as tight on those compiling it.
The budget speech is one of the most important events of the political year because it shows not only where government is spending its money, but where that money is coming from. The trouble is that South Africa’s tax base remains worryingly constrained.
Zambia’s new president Edgar Lungu on Thursday re-appointed Christopher Yaluma as mines minister in Africa’s second-largest copper producer, to help end a row with mining companies over new royalties and tax refunds.
Zambia’s commerce minister said on Tuesday that payment of mining royalties, which Zambia recently increased, can be deferred until companies have sufficient cashflow if they are not in a position to pay immediately.
Johan Els, Senior Group Economist at Old Mutual Investment Group joined Alec Hogg to discuss where Finance Minister, Nhlanhla Nene can be expected to find the extra loot needed to balance the books ahead of the upcoming Budget Speech to be held on the 25th of February 2015.
Zuma signed the Development Bank of Southern Africa Amendment Act, the Taxation Laws Amendment Act, the Tax Administration Laws Amendment Act, and the Rates and Monetary Amounts and Amendment of Revenue Laws Act.
Zambia will maintain a new mineral royalty tax despite fears that it could lead to mine closures, President Edgar Lungu said on Sunday as he was inaugurated in the nation’s capital.
In this interview, 14 year veteran of SA Treasury Keith Engel applies his mind to why tax morality is sliding and what could happen from here.
There is some encouraging news contained in the SARS stats 2014 package. The extent of tax assessed losses is declining. This is indeed significant. Once the losses are recovered, the CIT contribution to overall tax collections may increase again.
Companies from Microsoft Corp. (MSFT) to China’s Huawei Technologies Co. scouring Europe for fiscally attractive shores are turning to an unlikely country:France.