ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing
But Ngoepe wants even more independence for his office
For law-abiding citizens, paying taxes is a moral obligation that cannot be negated, irrespective of the levels of disillusionment with the government
Instead of hitting low earners hard, the budget should have raised wealth and corporate taxes
A wealth tax would bring in an additional R10-billion for government spending, making the rich an easy target for Finance Minister Pravin Gordhan.
There are some big surprises in the most recent tax statistics, but there’s no escaping the endemic disparities in income everywhere.
Sars’s total income for 2013-2014 increased by 10.6% to R900-billion, driven by increased personal income tax and VAT contributions.
There will be more than the results of the usual Christmas binge spending to cope with, come February.
Despite an increase in revenue collection, business income tax remains weak.
Here are the top five questions that the Sars call centre receives — along with the answers.
From April 11 2011, all VAT submissions must be made on the new VAT201 form. Here’s the lowdown from Sars.
Everyone will be taxed on the same basis in future, which means pensioners will lose their tax rebates.
If you’re claiming a travel allowance, take your odometer reading today.
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/ 14 February 2011
The SA Institute of Chartered Accountants is calling for amendments to provisional tax legislation because some taxpayers end up paying too much.
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/ 9 February 2011
If you’re unsure as to whether you’re eligible for provisional tax or not, read on.
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/ 19 January 2011
The deadline for provisional tax is 31 January. Don’t miss it.
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/ 16 November 2010
As it’s the season for giving, a lot of people are keen to make charitable donations. But what are the tax implications?
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/ 20 February 2009
Switzerland was feeling the heat on banking secrecy on Friday after the US stepped up its high-stakes tax probe against the biggest Swiss bank, UBS.
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/ 12 February 2009
February 5 2009 was the deadline to submit your 2008 income tax returns. The penalties have increased significantly but you do have a grace period.