tax

‘Sars collected R1trn tax despite distractions’

The SA Revenue Service (Sars) managed to collect R1trn in tax payments for the first time in South Africa’s history, despite the recent political distractions, Commissioner Tom Moyane said on Friday. During a joint media conference with Finance Minister Pravin Gordhan and Deputy Minister Mcebisi Jonas, Moyane criticised the “negative[…]

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Cosatu vows mass protests

Cosatu has vowed on Thursday to hold mass protests until the new tax rules are scrapped. The trade union federation came out strongly against the new ‘Tax Administration Amendment Bill’ declared as a law by President Jacob Zuma last month. Cosatu president Sdumo Dlamini has stated that “there was no[…]

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Malema’s sequestration case in court

Economic Freedom Fighters’ leader Julius Malema’s sequestration case is expected to be heard in the High Court in Pretoria on Monday. The provisional sequestration order against Malema regarding his outstanding tax bill was extended in December. “The court order was granted today by mutual agreement between Sars and the taxpayer[…]

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Budget mixed for taxpayers: analysts

Finance Minister Nhlanhla Nene’s 2015/16 budget contained mixed messages for individual taxpayers, PricewaterhouseCoopers (PwC) said on Wednesday. PwC tax consultant Ian Wilson said in a statement that measures announced in the budget signalled relief for low- to middle-income earners and increased the income tax burden for middle- to high-income earners.[…]

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