Will smoking and vaping taxes change in South Africa?
SA is reconsidering the design and rates of its taxes on tobacco and nicotine including electronic cigarette products.
Source: thesouthafrican.com
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SARS publishes Tax Statistics for 2023: R2.07 trillion collected
National Treasury and the South African Revenue Service (SARS) have jointly published the 16th annual edition of the Tax Statistics.
Source: thesouthafrican.com
Tax data for 2022/2023 not as good as it seems
The tax data for 2022/23 also indicates that the South African tax base is shrinking as people lose jobs and high-income earners emigrate.
Source: citizen.co.za
Higher-than-average commodity prices help Sars collect more revenue
The South African Revenue Service (Sars) collected R2.07 trillion in gross tax revenue in the 2022/23 fiscal year, which is R183bn or 9.7% more than in the prior year.
Source: timeslive.co.za
OECD analysis further supports case for global corporate minimum tax
In further establishing its case for a global corporate minimum tax, the Organization for Economic Cooperation and Development (OECD) in a new analysis on corporate taxes around the world noted
Source: thenassauguardian.com