A proposal to cut the state’s wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. “For the credibility of our fiscal stance, that R160 billion or so needs to be found,” Mboweni told[…]
Saudi Arabia will start imposing new taxes on tobacco, sodas and other commodities at a rate that could reach as high as 100 percent, starting from 10 June, according to local media reports. The kingdom’s official newspaper published the regulations of these taxes that will come into effect in a[…]
Two of Donald Trump’s senior advisors say allegations that the Republican candidate for US president avoided paying income tax for 18 years highlight his “genius” at using tax laws to his advantage. Chris Christie, a New Jersey Governor and head of Trump’s presidential transition team, told Fox News on Sunday[…]
Israel has agreed to transfer in full hundreds of millions of dollars in taxes collected for the Palestinian Authority but frozen in a row over the International Criminal Court (ICC), the Palestinian president said. Mahmoud Abbas said that “There is an agreement; the money will be sent in full.” Israeli[…]
The Road Accident Fund was given a temporary lifeline with Finance Minister Nhlanhla Nene’s announcement of a 50c hike in the fuel levy, it said on Wednesday. “This raises the compensation scheme’s primary source of income from 104c to 154c per litre of fuel sold, a percentage increase of 48[…]
EFF leader Julius Malema was confident of beating looming fraud, corruption, money-laundering, and racketeering charges against him, he said on Monday. “I do not fear anything, because I know I’ve not done anything wrong,” Malema told journalists outside the High Court in Pretoria. He was referring to his pending trial,[…]
EFF leader Julius Malema’s lawyers were expected to argue in court on Monday why a provisional sequestration order against him should not be made final. In May, Malema’s provisional sequestration was extended and the matter was postponed. According to Sunday’s Rapport, the SA Revenue Service (Sars), would ask for a[…]
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