The OECD has announced the publication of the latest Economic Survey of South Africa on 25 August 2022. Among other things, the survey says that South Africa’s tax system could be improved by reducing allowances and deductions in personal income tax that tend to benefit high earners and by adapting wealth transfer taxes and estate duties to limit the transmission of wealth inequality. Further, it is noted that there is room to raise the relatively low VAT rate once inflation has abated.
Source Orbitax
Latest Posts in "South Africa"
- BGR16 Compliance Requirements Critical for VAT Apportionment
- Draft Customs Act Amendments for Electricity Levy Repeal and Related Schedules
- High Court Curb on Finance Minister’s Tax-Rate Powers
- SARS to Require Pre-Declaration of Foreign Vehicles from 1 June 2026
- High Court Rules Minister Cannot Set VAT Rate Without Parliamentary Approval
