Alec Hogg: Ramaphosa wasn’t mentioned but his fingerprints all over #Budget2018
After years of contracting GDP per capita (in US Dollar terms South Africans have been getting poorer since 2011) some rationality is finally returning.
After years of contracting GDP per capita (in US Dollar terms South Africans have been getting poorer since 2011) some rationality is finally returning.
It is an especially important Budget. Leading the challenges for the Ramaphosa Administration is how to plug a R50bn hole in the accounts.
The South African Revenue Service (SARS) delayed a total of R19.6bn of VAT refunds to vendors by the end of February 2017.
This piece shows the percentage contribution that various tax types are making to South Africa’s total tax revenue collections.
Finance Minister Pravin Gordhan yesterday warned that an extra R28bn in fresh tax will be needed to balance next year’s books.
It is sickeningly ironic that at the same time hunger, homelessness and despair is happening a new 15% VAT duty on imported food has just come into effect.
South Africa’s government should increase taxes on wealthier individuals to help boost revenue needed for the nation’s growing demands, the Organization for Economic Co-operation and Development recommended.
Matthew Lester unpacks the National Budget Speech in light of wealth taxes, what the changes are, and what they mean.
With Budget Day on our doorsteps, SAICA predict that tax is on the agenda. Big time, but where from?
Zimbabwe is considering removing tax royalties on locally cut and polished diamonds as part of government plans to add value to minerals and attract investment in the sector, the Minister of Mines Walter Chidhakwa said on Thursday.