FEATURE - Without Prejudice

TAX 2020 TAX LAWFEATUREINTRODUCTIONIf there is one thing on which South African tax payers are all inagreement, it is that we pay far too much for what we get in return. For those who have not read the 2019 tax revenue collection fig-ures, National Treasury and SARS figures show that the amount col-lected was R1 billion. The growth year-on-year was billion and, of that, personal income tax provided bil-lion. The three largest sources of tax revenue, amounting to ,were personal income tax at , corporate income tax at VAT at Africa has approximately 56 million people, 53 million aresupported by three million. Of those three million tax payers, two mil-lion paid 44% of the tax collected in the 2018/2019 tax reality is that, as resentment grows, so does the likelihood ofpeople evading tax for those who fall in the top bracket, 45% oftheir earnings disappear into public coffers, where we might hopethey improve South Africa in a myriad ways but where we fear, withjustification, that the corrupt make off w

Treasury drafted Bills for temporary tax relief for small and medium sized businesses. In addition, according to the AfrAsia Bank New ... tax enforcement in transfer pricing 2 Joon Chang and Karen Miller | Webber Wentzel ... tion may give rise to …

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