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Tag: Tax

The highest income tax rates in the world – including South Africa

Economist Mike Schussler has broken down the weighty tax burden placed on individuals in South Africa, showing that we have one of the highest tax rates in the world. In...

Taxman collects R1trn, so far

The South African Revenue Service has collected R1trn in tax revenue so far, but this is still below the R1.217trn target set by Treasury in the Budget Speech. In a statement issued...

How much more the average cooldrink will cost with SA’s new sugar tax

Following the 2016 budget speech during which the proposal to tax the sugar content of beverages was first tabled, and after 18 months of debate, the South African Parliament on Tuesday...

Get ready to pay extra ‘drought charge’

Households will soon be paying between R45 and R60 extra every month as part of a drought levy, if mayor Patricia de Lille has her way in council on Tuesday. ...

City of Cape Town looking to introduce water tax: report

Cape Town mayor Patricia de Lille has confirmed that the city is considering a new levy to help raise funds to avert the drought crippling the city. Speaking at a media...

South Africa tax service to take legal action against KPMG

South Africa’s Revenue Service (SARS) will launch legal proceedings against KPMG due to reputational damage caused by the auditor releasing details of a confidential report it produced for the tax agency,...

Second passport can open investment opportunities and maximise tax efficiency for individuals

Charles Winshaw (Pty) Ltd has signed terms of business with Arton Capital, which recently opened its doors in South Africa. This development came about because Charles Winshaw (Pty) Ltd has evolved...

Does ‘sin tax’ have the desired impact on consumer behaviour?

Coughing Up to Cut Down? In his recently delivered Budget Speech, Finance Minister Pravin Gordhan said that the anticipated 20% tax on sweetened sugar beverages (SSBs) will be implemented later this year...

Treasury to publish amendments to tax free savings accounts

National Treasury will shortly publish final amendments to tax free savings accounts for the year beginning 1 March 2017. “The amendments spell out a process for transfers, clarify the policy position...

The City’s “copper heads” new powers to search for stolen copper

The Cape Chamber of Commerce and Industry has welcomed the new powers given to its “copper heads” to enter the premises of scrap and second-hand goods dealers to search for stolen...

MUST READ

New transport facility in Somerset West CBD to keep commuters moving

If all goes as planned, the new public transport interchange (PTI) in Somerset West will be ready to serve thousands of commuters and minibus-taxi...

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