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Tag: Tax

‘SAA must be placed under business rescue to protect taxpayer money’

An application for the business rescue of South African Airways will be brought by Solidarity, as part of a tax protest campaign it is launching. This protest includes at least six legal...

Coca-ColaSA reformulates beverages following tax

Coca-Cola South Africa has cut the sugar in its drinks by a quarter (26%) since government introduced a tax on sugary drinks, according to Camilla Osborne, Head of Communications for Coca-Cola Southern and East...

Shoprite serves 100 million R5 deli meals since launch of affordable meal options

This week Shoprite served its 100 millionth R5 deli meal since launching the affordable meal options almost two years ago. Despite escalating petrol and electricity prices, the VAT increase and the introduction...

Not so sweet: sugar tax is ‘negatively impacting’ industry

Parliament's portfolio committee on trade and industry says it will engage with the Minister of Trade and Industry, following concerns raised by the sugar industry about the negative impact of sugar...

Expat tax is coming to South Africa

An amendment to the South African Income Tax Act, which will have hard-hitting consequences for South Africans working outside South Africa, will come into force in March 2020. South Africans earning...

More South Africans are trying to break their tax link

There has been considerable concern among South African nationals working abroad relating to the impact of legislated changes to the exemption available to them in respect of remuneration earned by them...

A tax revolt is already happening in South Africa

Western Cape premier Helen Zille has sparked controversy by volunteering to lead a tax revolt in South Africa if the government fails to take action against those implicated in corruption –...

EFF to introduce private bill to combat ‘aggressive tax avoidance’ by multinationals

The EFF is working on a private member's bill that it says will eliminate legal loopholes and grey areas that allow multinational corporations to avoid paying billions in tax.  This...

In latest clash, Nigeria hands SA’s MTN $2 billion tax bill

JOHANNESBURG - MTN Group faces a $2 billion demand for taxes in Nigeria, the latest in a series of skirmishes with authorities in the South African mobile phone company’s most lucrative but increasingly...

SARS says failure to submit a tax return can get you a criminal record

Taxpayers who do not submit their tax returns will end up with a criminal record, the South African Revenue Service (SARS) said on Monday. In its statement, the revenue service...

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Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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