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Over EC$750 million in taxes outstanding

Over EC$750 million in taxes outstanding
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Grenada , Linda-straker , Keith-mitchell , Philip-telesford , Upper-house-or-senate , Revenue-department , Tax-administration , Tax-administration-amendment , Minister-dickon , Inland-revenue-department , Tax-administration-act , Prime-minister

POLITICS THIS WEEK: DA's 'coalition agreements' to be finalised this week as party wants firm grip on metros

The DA is meeting this week to pave the way forward for its coalitions in Gauteng metros.

Gauteng , South-africa , Johannesburg , Tshwane , Limpopo , Julius-malema , Randall-williams , Floyd-shivambu , Judith-tshabalala , Sylvia-lucas , Annelie-lotriet , John-steenhuisen

Taxi Industry only pays R5m in tax

Taxi Industry only pays R5m in tax
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While the minibus taxi industry is demanding government subsidies, the entire industry pays only R5 million in taxes, as a reply to a DA parliamentary question reveals.
The DA calls on the South African Revenue Service (SARS) to act against tax dodgers in the taxi industry, to ensure that this very lucrative industry pays its fair share.

South-africa , South-african , South-africans , Tax-administration-amendment , African-revenue-service , South-african-revenue-service , Tax-administration-amendment-act ,

Pay up! SA's R90 billion taxi industry may face 'huge tax raids' from SARS

A stunning response to one Parliamentary question has revealed just how little tax is paid by those running businesses in South Africa’s minibus taxi industry. With millions of commuters using the low-fare transport everyday, some estimates place the market’s total value at R90 billion – which would mean the profession has taken SARS for a ride.
How much tax is paid by the minibus taxi industry?
Geordin Hill-Lewis is the shadow finance minister. He asked his opposite number, Tito Mboweni, just how much tax revenue is generated by taxi companies. It turns out, only R5 MILLION is collected each year.

South-africa , South-african , Geordin-hill-lewis , Tito-mboweni , Tax-administration-amendment , Tax-administration-amendment-act , Dean-macpherson , டீன்-மேக்பெர்சன் ,

SARS is going after taxis in its next tax drive in South Africa

SARS is going after taxis in its next tax drive in South Africa
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The South African Revenue Service (SARS) will focus on the taxi industry in the coming financial year as it embarks on major compliance drive, says finance minister Tito Mboweni.
Answering in a written parliamentary Q&A, Mboweni said that SARS collected approximately R5 million in Corporate Income Tax (CIT) from taxi operators. However, this amount includes tax collected from their employment income, he said.
“This is because the industry does not correctly disclose income from taxi business on their CIT returns but included under a generic income source code. We were not able to determine income solely from taxi operations.

Gauteng , South-africa , Soweto , Johannesburg , Durban , Kwazulu-natal , Kwazulu , Eastern-cape , Natal , South-african , Tito-mboweni , Democratic-alliance