Survey unpacks corporate taxpayers’ perceptions of Sars’s service
The results indicate an improvement in the level of service since 2018, but many taxpayers say it has become harder to comply with their obligations.
corporate income tax
Why policyholders complained to the short-term ombudsman in 2023
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
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Thursday briefing: a round-up of recent financial services news
Prosper Funeral Solutions in final liquidation | SA’s small tax base | Which president was worst for the rand?
Individual policyholder funds with assessed losses face higher tax bill
How the limitation on setting off assessed losses against taxable income affects life insurers and policyholders.
Basic income grant: more money in poor people’s pockets but at a heavy cost
Analyses of the implications of extending income support measures in South Africa, including a basic income grant (BIG), have focused on one of three things: how much it will cost, calculations about how […]
OECD calls for VAT hike to help fund permanent grant
South Africa should make the R350-a-month Social Relief of Distress (SRD) grant permanent, increase the rate of value-added tax from 15% to 17%, and reform the “distortive” personal income tax system, the Organisation […]
By how much will taxes have to increase to pay for a basic income grant?
Personal income tax (PIT), value-added tax (VAT) and corporate income tax (CIT) would have to increase by just under 5% to raise R50 billion, or by slightly more than 9% to raise R100bn, […]
Tax considerations for cross-border workforces
Given the ever-changing landscape of the past two years, the adage that nothing is certain except death and taxes is perhaps more apposite than ever. Although it may appear that a semblance of […]
Basic income grant or NHI will result in tax increases, says Treasury
Large permanent increases in government spending, such as for a basic income grant or National Health Insurance (NHI), will have to be met by a permanent increase in revenue, which will mean higher […]
Budget provides a measure of ‘relief’ for consumers
Finance Minister Enoch Godongwana did not announce any significant changes to the tax regime in his maiden Budget speech this week. However, consumers will benefit from the decision not to increase the general […]
10 predictions for this week’s Budget
Minister of Finance Enoch Godongwana will deliver his maiden Budget speech on Wednesday. After almost two years since South Africa declared a State of Disaster in light of the Covid-19 pandemic, the economic […]
