However, finance minister Enoch Godongwana has warned that the tax bonanza will be temporary
The Treasury has forecast an increase of R120.3bn in its gross tax revenue in the current fiscal year in the medium-term budget policy statement .
The commodity boom is largely responsible for this bonanza but is not expected to continue in future years. The improved economic growth performance and strong income tax collections — especially from corporates — have also contributed to the better result...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury makes key changes to tax lawsChanges include withdrawing the provision for taxation of interest on retirement funds when a person ceases to be a tax resident 🔒
Read more »
Treasury makes key changes to tax lawsChanges include withdrawing the provision for taxation of interest on retirement funds when a person ceases to be a tax resident 🔒
Read more »
Things are looking up for SarsDespite the improvement, Sars commissioner Edward Kieswetter said tax compliance levels were still under strain, with a composite compliance level of 62.61%, compared to 65.05% the previous year.
Read more »
Cocaine worth R200m stolen from Hawks offices in KZNAn estimated 541kg of cocaine with a street value of R200m was stolen from the Hawks' offices in Port Shepstone, KwaZulu-Natal.
Read more »
Treasury’s proposed crypto ban could run into a legal challengeBowmans says ‘capricious’ suggestion to ban pension funds from investing in crypto assets might be unlawful 🔒
Read more »
International Finance: Elon Musk Sells $1.1 Billion of Tesla Stock To Cover TaxesTesla Inc. Chief Executive Officer Elon Musk unloaded stock in the electric car-maker, shortly after holding a poll on Twitter over whether he should sell 10% of his massive stake in the company.
Read more »