Tag: VAT
Suspend the fuel levy, exempt more goods from VAT to provide relief to consumers—Deloitte...
Government should consider provisionally suspending the fuel levy for a longer period and increase the number of goods that are exempt from VAT or zero-rated to boost consumers’ disposable income in...
SA could face another VAT increase, say experts
South Africans should brace themselves for the possibility of another VAT hike as Sars struggle to raise enough tax.
Senior tax consultant Bernard Sacks told The Weekend Argus that while we will...
Expect a hike in the VAT rate this month
The question on everyone’s lips ahead of the Budget Review is whether the minister of finance will announce an increase in the value added tax (VAT) rate – and if so, what that...
The case for SA VAT hike economically solid, says Old Mutual Investment Group
While concerns around global growth and pressure on the SA economy have eased recently, the local economy is still fragile. Moody’s decision not to downgrade SA’s sovereign rating at this stage...
SA can expect more regulation to tighten control on cross-border transactions
Globally, governments have taken steps to ensure that consumption taxes on cross-border transactions, including electronic services to private consumers, are paid in the country where the services are consumed. The decision...
Tax changes to boost revenue
Considerations are being made in the tax space to look at how government can raise revenue from Corporate Income Tax as well as Value Added Tax (VAT) receipts, the National Treasury...
Will revenue collections be increased through increases in personal taxes?
Both the president and the Minister of Finance (in his 2014 Medium Term Budget Policy Statement (MTBPS) set out an ambitious expenditure mandate for South Africa.
In the MTBPS (which communicates...
2015 budget should not blight growth prospects, says SAIPA
The drastic reduction in the oil price and stronger local demand hold out hope for modest economic growth this year, according to a recent review by the Oxford Business Group. However,...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
