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SA's VAT hike under scrutiny

SA's VAT hike under scrutiny

30/07/2019 - 08:55
New research suggests SA should scrap the zero-rating of VAT items and introduce a new social grant which would benefit those who fall outside the welfare net. read more
SA taxpayers to pay more for greener economy

SA taxpayers to pay more for greener economy

04/06/2019 - 09:16
Climate change and global warming have long been debated, but what is certain is that consumers are going to pay a great deal more in taxes dedicated to creating a friendlier environment.  read more
Is it time to introduce a minimum unit price on alcohol?

Is it time to introduce a minimum unit price on alcohol?

25/04/2019 - 11:10
In May 2018, Scotland introduced a minimum unit price of 50p per unit (8g) of alcohol, with the aim of reducing abusive drinking. Research had shown that a large proportion of very cheap alcohol consumed in Scotland took the form of heavy drinking, resulting in drunkenness and other socially unacceptable behaviour. read more
R10 illegal cigarette pack becomes SA's top seller

R10 illegal cigarette pack becomes SA's top seller

29/11/2018 - 08:23
Research house Ipsos said that South Africa has become the first country in the world to allow an illegal cigarette brand to become a top seller, after Gold Leaf Tobacco’s RG brand became the top-selling brand in the country overall, overtaking all legal brands.  read more
Sweet surprise for Treasury as sugar tax puts more than expected in the pot

Sweet surprise for Treasury as sugar tax puts more than expected in the pot

31/10/2018 - 09:05
The Treasury has generated more money than it anticipated from its new tax on sugary drinks, despite moves by some manufacturers to reformulate products to reduce their sugar content. read more
Why SA should have hiked VAT at 16%

Why SA should have hiked VAT at 16%

30/10/2018 - 09:11
The 2018 Medium-Term Budget Policy Statement (MTBPS) delivered by finance minister Tito Mboweni contained a clear picture of the past mistakes that will continue to haunt South Africa in the coming years. read more
Sanitary pads, white bread flour to be added to VAT free items

Sanitary pads, white bread flour to be added to VAT free items

29/10/2018 - 08:15
FINANCE Minister Tito Mboweni says government proposes that come April 2019, three items, including sanitary pads, will be added to the zero-rated list. read more
SA could face another VAT increase, say experts

SA could face another VAT increase, say experts

15/10/2018 - 15:16
Senior tax consultant Bernard Sacks told The Weekend Argus that while we will most likely have to wait until the annual budget is delivered in February to find out if a VAT increase is our fate, Tito Mboweni’s medium-term budget policy statement on October 24, his first as finance minister, may provide important clues as to what SA consumers will face next year. read more
SA retailers taking heavy strain

SA retailers taking heavy strain

05/09/2018 - 10:14
South African retailers across the board are taking strain, with consumers under pressure due to an unprecedented VAT increases and record fuel prices. read more
Zero rated VAT items: how South Africa is going about expanding the list

Zero rated VAT items: how South Africa is going about expanding the list

28/08/2018 - 15:58
South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from Value Added Tax (VAT).  read more
Treasury’s possible challenges following the VAT Panel report

Treasury’s possible challenges following the VAT Panel report

14/08/2018 - 10:57
The recommendations put forward by the review panel on the zero-rating of certain items for Value-Added Tax (VAT), may be challenging for Treasury to enforce.  read more
Food crisis is much bigger than simply tinkering with zero-rating VAT

Food crisis is much bigger than simply tinkering with zero-rating VAT

13/08/2018 - 13:54
The government should stop tinkering with zero-rating of the VAT system and rather focus its efforts on regulating food prices and increasing wages and social grants, according to Pietermaritzburg Economic Justice and Dignity Group founder Julie Smith.  read more
Treasury joins efforts to fix soe’s

Treasury joins efforts to fix soe’s

03/08/2018 - 10:37
In the recently published draft Taxation Laws Amendment Bill (draft TLAB), Treasury has made it clear that it will be joining the efforts to ensure the proper governance of public entities as it proposes that no income tax deduction will be allowed for fruitless and wasteful expenditure. read more
Illicit tobacco sales will cost SA R7bn this year, says Tisa

Illicit tobacco sales will cost SA R7bn this year, says Tisa

06/07/2018 - 13:21
Tobacco Institute report claims suspended SARS commissioner Tom Moyane turned a blind eye to the illicit cigarette industry. read more
Wholesale trade drops as fuel levies and VAT increase take effect

Wholesale trade drops as fuel levies and VAT increase take effect

15/06/2018 - 10:22
April’s wholesale trade declined 2.6% from the same month in 2017, Statistics SA reported. read more
Experts to review VAT zero-rated items

Experts to review VAT zero-rated items

04/05/2018 - 13:42
The review will consider expanding the list of 19 basic food items that are VAT zero-rated, in light of the recent VAT hike. read more
Panel of experts to review list of zero-rated VAT items

Panel of experts to review list of zero-rated VAT items

25/04/2018 - 15:57
Finance Minister Nhlanhla Nene has appointed an independent panel of experts to review the list of zero-rated VAT items. read more
Consumer confidence swings into optimistic territory

Consumer confidence swings into optimistic territory

25/04/2018 - 11:27
SA cheered up by a record 34 points thanks to the "Ramaphosa rally", causing consumer confidence to swing from a pessimistic, minus eight points to an optimistic 26 points.  read more
Inflation dip ‘no signal for rate cut’

Inflation dip ‘no signal for rate cut’

19/04/2018 - 12:04
Although the latest inflation figure is lower than was expected, indicating that consumers have had more spending power, analysts say another interest rate cut is unlikely. read more
Inflation slows unexpectedly in March

Inflation slows unexpectedly in March

18/04/2018 - 11:50
Inflation slowed to 3.8% in March, surprising economists who had expected it to accelerate slightly from February’s 4%. read more
After vocal protests against VAT hike, more foods could be zero-rated to help poor

After vocal protests against VAT hike, more foods could be zero-rated to help poor

05/03/2018 - 19:20
The Cabinet is considering expanding the list of zero-rated foodstuffs under value-added tax (VAT) in order to mitigate the effect on the poor of the one percentage point increase in the VAT rate, announced in the budget. read more
Tax on disposable coffee cups gains steam

Tax on disposable coffee cups gains steam

09/01/2018 - 10:58
British lawmakers called on the government on Friday to impose a charge on disposable coffee cups and set a target to recycle all of them by 2023 - or ban them altogether. read more
Consumers to remain under pressure in 2017/2018 tax year, says Old Mutual

Consumers to remain under pressure in 2017/2018 tax year, says Old Mutual

24/02/2017 - 13:52
The 2017 National Budget Speech delivered by Finance Minister Pravin Gordhan did little to bring relief to consumers’ pockets and reinforces the need for South Africans to keep their finances under control. It also underscores the urgent need for consumers to ensure they are making full use of the tax benefits of the various savings vehicles available to them, such as retirement funds, retirement annuities, and tax-free savings accounts. read more
South Africans to pay more tax next year

South Africans to pay more tax next year

28/10/2016 - 10:05
Cape Town – South Africans will pay more tax next year.  read more
Tax is sweet news for boosting revenue

Tax is sweet news for boosting revenue

11/07/2016 - 12:54
SA’s new sugar tax could add 20% to the price of a Coca-Cola, but would exempt Liquifruit and other 100% fruit juices, along with unsweetened milk and bottled water. read more
Cash-and-carry tax crackdown pays off for SARS

Cash-and-carry tax crackdown pays off for SARS

16/05/2016 - 15:47
The recent crackdown on the cash and carry sector in SA seems to be bearing fruit. read more
Budget deficit narrows to 4.3% of gross domestic product

Budget deficit narrows to 4.3% of gross domestic product

08/05/2015 - 11:23
The budget deficit for 2014-15 has been reduced to 4.3% of gross domestic product due to higher than expected tax revenue collections and lower government expenditure, the Treasury said in a statement on Thursday. read more
Value of tax free savings questioned

Value of tax free savings questioned

20/04/2015 - 08:56
Given the low annual and lifetime limits for contributions to tax-free investment products, one may be forgiven for wondering what the point really is, according to David Warneke, national head of corporate tax at BDO South Africa. read more
Walmart-Massmart likely to oppose report

Walmart-Massmart likely to oppose report

13/06/2012 - 08:13
Walmart and Massmart were likely to appeal any requirement that they put more than R250 million into a “supplier development fund”, a leading competition analyst said yesterday. read more
SA to boost shipping with tax reform

SA to boost shipping with tax reform

14/05/2012 - 07:50
Johannesburg - South Africa has some of the busiest ports on the continent but no commercial ships, but officials hope a new tax regime may give it an entry into the multi-billion-dollar industry.  read more