Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance
The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker of the National Assembly and the Chairperson of the…
The Inkatha Freedom Party president said the VAT debate should not be weaponised to derail the coalition government’s primary mandate of ensuring economic stability and service…
The Democratic Alliance said the budget would struggle to pass in parliament, given the ANC’s lack of a majority
His party would have yielded if any increases were guaranteed to be temporary and tied to an overhaul of state spending patterns
The finance minister suggests that much of the opposition wrangling is part of a broader political battle
Any VAT increase is probably off the table, leaving the treasury to look for revenue without bringing the coalition to the brink
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
Food prices are too high for some households to bear but more targeted relief might have a greater impact
In its economic survey, the OECD recommends increasing VAT or broadening the base of corporate and personal income taxes to pay for the grant
The Black Tobacco Farmers’ Association the introduction of a minimum price level for cigarettes
But the South African Revenue Service doesn’t yet have the skills and multiple users to adopt it
Government spending has reached a record 41.7% of GDP, and the budget deficit has widened from 5.7% in 2019 to an estimated 14%
VAT should not be hiked, but a once-off levy on mineral resources or a solidarity tax seems likely
About R8-billion was lost during the hard lockdown and revenue is being slashed further
The target for tax authorities is the $2-trillion in annual e-commerce transactions that is set to rise to $4.5-trillion in three years’ time
The preliminary outcome is worse than budgeted in February, but say officials, the turnaround in tax refunds shows greater transparency
Tito Mboweni is plugging the revenue collection holes created by the former commissioner
Eskom gets R69-billion in additional funds for its restructuring plans but no debt relief deal
Opposition parties have added their input ahead of the presentation of the budget speech
