Consulting firm-KPMG has cautioned the government against rushing to tax the digital commerce warning it could fail due to lack of structures.
The firm has also outlined loopholes in the Capital Gains Tax, corporate tax incentives for recycling plants and the proposed amendments to the Value Added Tax Act under the Finance Bill 2019.
Source: The Star
Latest Posts in "South Africa"
- VAT Fraud Syndicate Threatens South Africa’s Economy, Costs Billions in Lost Revenue and Market Share
- SARS Limits E-Commerce Imports Under Customs Code 70707070 to R150,000 Per Year for Individuals
- How Edward Kieswetter Helped South Africa Avoid a 2% VAT Increase Through Tax Modernisation
- South Africa Clarifies VAT on Sale of Fixed Assets and Joint Venture Interests
- SARS Clarifies Tax on Reinsurance Business Transfer to Nonresident Branch; Dividend and VAT Implications
