Personal Income Tax
latest news & developments
Unequal society burdens South Africa’s tax system, says Sars head
Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance
Sars collects R1.855 trillion in revenue, driven by personal income tax
And R447.7 billion was returned to taxpayers, says South African Revenue Service commissioner Edward Kieswetter
Coalition takes wrangling over tax in the budget to parliament
Budget approval hangs in the balance and resistance to it is set to play out in the legislature’s finance committees
Tax Bracket Over-inflation: How the treasury is forfeiting R198bn a year
Tax bracket over-inflation has led to income inequality and less money for essential services
Energy crisis triggers R13 billion tax relief
The majority of the relief comes in the form of incentives given to businesses and households investing in alternative energy
OECD: How South Africa can afford the R350 grant permanently
In its economic survey, the OECD recommends increasing VAT or broadening the base of corporate and personal income taxes to pay for the grant
Relief as treasury puts brakes on fuel levy hike amid petrol price crunch
The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990
A BIG deal: Universal income support could resuscitate South Africa’s economy — report
A basic income grant could add 0.5% to GDP growth by 2025, according to a report commissioned by the National Economic Development and Labour Council.
Zuma’s long walk to the dock
It’s taken 17 years for the former president to stand trial for allegedly taking bribes. Expect more prevarication at his 17 May court date