Tax collection will be lower this fiscal year.
That’s the warning from SARS as the revenue collector grapples with the impact of load-shedding.
Consumers have also had lower disposable income due to higher interest rates and have been spending less, indicating that VAT collection is also set to decrease.
Source: enca.com
Latest Posts in "South Africa"
- VAT Treatment of Second-Hand Goods Export in South Africa
- Taxpayer’s Right to Object to SARS-Approved VAT Apportionment Method Confirmed by SCA
- VAT Liability Date: When Vendors Must Charge and Collect VAT
- Supreme Court of Appeal Rules in Favour of Woolworths Holdings Against SARS
- VAT Treatment of Municipal Supplies to National or Provincial Government in South Africa
