Category Taxation in South Africa

South Africa Eyeing Tax Compliance

September 21, 2010 International Tax CooperationOffshore TaxationTaxation in South Africa

ReflectingSouth Africa is looking for new ways to increase tax compliance in both South Africa and other African nations, including targeting “aggressive tax schemes” by multinational companies, hiring “tax soldiers”, and investigating the possibility of harmonious tax policies across Africa.

On September 20th at the 2010 Africa Tax Conference held in Mpumalanga, South Africa, Oupa Magashula, Tax Commissioner of South Africa, spoke in front of a panel of tax experts and tax department representatives of various African nations on the possible means of improving the tax regimes of the countries in the continent...

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SA Trade Unions Demand New Tax New Policy Outlook

September 15, 2010 Taxation in South Africa

Flag this photoAccording to South African trade unions the national Government needs to set a new economic growth path based on several new taxes and a more active and aggressive role in the economy.

Speaking on behalf of the Congress of South African Trade Unions (COSATU) on September 14th Zwelinzima Vavi, General Secretary of COSATU, said that the Government needs to follow a new economic direction in order to revive the currently “dysfunctional economy.”

According to Zwelinzima Vavi, unemployment levels in South Africa are worsening and the economic conditions of the country are deteriorating. He also stated that nearly a quarter of the country’s population is currently receiving some form of social grants from the Government...

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South Africa Sets Record Tax Year

January 28, 2010 Taxation in South Africa

I hate tax returns!The South African Revenue Service (SARS) has announced that the 2009 year broke records in tax return efficiency, filing and improved compliance.

In a media release the SARS announced that the 2009 tax season had set “phenomenal” new records. The number of tax returns submitted by the November 20th deadline rose by 26 percent, exceeding 4 million for the first time. Individual tax return filing, including overdue 2008 returns, reached 3.9 million. Approximately 79 percent of individual tax payers filed their tax-returns before the deadline, compared to 58 percent in 2008. Electronic filing of individual returns rose by over 100 percent and surpassed 2 million for the first time...

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