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All Eyes on SARS following Medium Term Budget Policy Statement

29 October 2020 | Tax

In a surprising admission by National Treasury in its Medium Term Budget Policy Statement, it has been acknowledged that recent tax increases have failed to generate the revenue numbers initially projected, and all evidence illustrates that South Africa’s higher than global average tax rates have in fact hindered economic growth.

Serious jail-time on the cards for non-compliant taxpayers

22 October 2020 | Tax

With Government’s draft response being released in the Parliamentary Debate on 13 October 2020, non-compliant taxpayers, be it intentionally or negligently, may soon be facing some serious jail-time.

Limited tax relief for SA’s cross-border workers

21 October 2020 | Tax

It has recently been announced that the foreign earnings exemption for South Africans working overseas will be relaxed to take into account the South African lockdown rules.

The Highest Corporation Taxes Around the World and the Main Drivers Behind them

21 October 2020 | Tax

While corporation tax rates are influenced by the country’s definition, there’s clearly a pattern with developing countries and emerging economies paying higher rates to sustain the country.

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