New tax amendment will put thousands of low-income families at financial risk
New tax amendment will put thousands of low-income families at financial risk By Supplied Share National Treasury is proposing an alteration to the Income Tax Act that will remove the ability of thousands of low income South African families to receive tax exempt bursaries for their children. The families currently benefiting from this are majority black, low-income households and this alteration, should it go ahead, will severely impact thousands of families’ ability to pay for quality education, especially significant in a post-Covid-19 economy. Vedika Andhee, a leading tax expert, says, ...
Source: iol.co.za