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E-TAXLINE The transition from a 14% to 15% VAT rate
The South African Minister of Finance (at the time), Malusi Gigaba introduced an amended Value-Added Tax (VAT) rate on 21 February 2018 in the annual Budget speech. The increase is lower than predicted from 14% to 15% with an effective date 1 April 2018. From the effective date, 1 April 2018, vendors will have to ensure that they comply with the change in rate. Vendors should carefully consider the complexities that could arise in system set-ups and complex transactions.
WOMEN IN BUSINESS Beyond policy to progress
Women in business: beyond policy to progress
IN THE PUBLIC EYE Research: Citizen engagement a must for Public Sector
Public sector survey, citizen engagement and public financial management.
Budget Comments and insights from the Minister’s Budget Speech
Executive comments on Budget speech 2017
Budget The South African National Budget
The South African Budget
E-TAXLINE Tax statistics tell a story in challenging times!
The 2017 Tax Statistics publication for South Africa was released by SARS and National Treasury in December 2017. On the one hand, this publication tells a success story of Tax revenue collection which has more than doubled in the past decade, growing from R572.8 billion collected in 2007/08 to R1 144.1 billion in 2016/17. On the other hand, it certainly has been challenging times for taxpayers. More specifically, companies have experienced many difficult tax times in the past 10 years.
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