Cyril Ramaphosa has stated that financing the vaccine ‘will not be an issue’ on Tuesday, failing to rule out the rapid introduction of a new tax hike.
Tens of millions of South Africans are set to feel the pinch of emergency tax hikes next month, as Treasury scrambles to raise funds for the vaccine rollout.
If the Treasury does go ahead with a tax hike to fund the vaccine rollout, figures provided by SARS and the DA reveal what it may end up costing us.
This is sure to get the blood boiling if it goes through. Treasury is weighing up a potential tax increase to fund the procurement of COVID-19 vaccines.
Soon there will be no place for tax dodgers to hide as high flyers are placed under the magnifying glass.
The Constitutional Court, on Tuesday, dismissed Public Protector Busisiwe Mkhwebane’s appeal to access personal tax information.
SARS claim that they’ve been ‘inundated with calls’ from people who have fallen victim to the refund scam – this is what taxpayers must look out for.
Taxpayers have been told that there are two major deadlines coming up in the next few weeks – with one payment method set to expire on Thursday.
(Partner Content) Employers across the country have generally welcomed the announcement of the new Job Support Scheme that will be launched for 6-months from 1 November 2020.
(Partner Content) The new Job Support Scheme will be introduced on 1 November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter months due to coronavirus.
(Partner Content) Corporation Tax relief may be available where your company or organisation makes a trading loss.
(Partner Content) New grant support was announced 9 September that offers businesses in areas subject to a local lockdown a measure of financial support.
Ncumisa Chartered Accountants and Auditors strives towards transparency in business and tax reporting.
The couple, accused of tax fraud, handed themselves over to the Palm Ridge police accompanied by their legal representatives on Wednesday.
(Partner Content) HMRC uses targeted campaigns to recover underpaid taxes and penalties.
(Partner Content) The Self-Employment Income Support Scheme (SEISS) was extended for a second and final three-month period from 1 June to 31 August 2020.
(Partner Content) The Autumn Budget this year will be interesting.
You may have received an SMS from SARS, asking you to “Accept” or “Edit” your tax returns; here’s what you need to know…
With a fresh set of taxes being talked-up in the wake of this pandemic, the stand-out proposal is the Orwellian-sounding ‘amusement tax’.
It’s reported that more than half of tax revenue will be directed to public servant salaries. Here’s how much we’re looking at.
The Chancellor, Rishi Sunak continued with his campaign to support the business and jobs community on 8 July 2020, as firms engage with the disruption caused by the coronavirus outbreak and the measures taken to control infection.
(Partner Content) VAT: HMRC has temporarily changed the time limit from 30 to 90 days for notifying an option to tax land and buildings during coronavirus.
Mboweni said that SA is set to miss out on R300 billion in tax revenue, and this is likely to cripple the country’s ability to repay debt.
The VAT rule changes for building contractors and sub-contractors that were expected to come into effect on 1 October 2020 have been delayed for a further five months until 1 March 2021.
Streaming platform Netflix has been identified as one of the ‘digital giants’ facing a new tax plan, under proposals raised by Parliament’s Budget Office.