Search results
Results from the WOW.Com Content Network
The Goods and Services Tax (GST) (French: Taxe sur les produits et services, TPS) is a multi-level value-added tax introduced in Canada on January 1, 1991, by Prime Minister Brian Mulroney and finance minister Michael Wilson. The GST replaced a hidden 13.5% Manufacturers' Sales Tax (MST) because it hurt the manufacturing sector's ability to export.
The rand replaced the pound with a decimal currency: 100 cents (100c) = 1 rand (R1), 1 rand being valued at 10 shillings and 1 cent at 1.2 pence. The coins bore the forward-facing portrait of Jan van Riebeeck on the obverse. [1] The initial circulation coins of the Republic were the following: [2] 1 ⁄ 2 cent (approximately replaced 1 ⁄ 2 d)
It's compulsory for a business to register VAT remission when the value of taxable supplies in a 12-month period exceeds or is expected to exceed R1 million. VAT in South Africa currently stands at 15% as of 1 April 2018. [26] Value Added Tax (VAT) was first introduced in South Africa on 29 September 1991 at a rate of 10%. In 1993 VAT was ...
0% (first €8,700 per year is tax free) 49.5% [172] 21% (standard rate) 9% (essential and selected goods) Under the new policy it is 36% with out a tax free limit. The old system presumes 7.6% gains for investments & 4% gains on banksaldo intrest, taxed 36% Taxation in the Netherlands New Zealand: 28% 10.5% [173] 39% [174] 15% Taxation in New ...
South Africa began issuing its own postal orders sometime during 1933. They are denominated in both Afrikaans and English . It is not yet known what the smallest denomination is in the pre-decimal issue, but after the change over to decimal currency on 14 February 1961, there was a postal order for denominations as low as 1 cent .
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency , replacing the pound with the Rand .
1850 in South Africa (2 P) 1851 in South Africa (3 C, 1 P) 1852 in South Africa (2 C, 3 P) ... 1850s in the Orange Free State (4 C) S.
The Golden Rhinoceros of Mapungubwe was discovered on a royal grave at the site of Mapungubwe Hill, and was on display at the British Museum as part of an exhibition celebrating the art of South Africa. [7] Mapungubwe also saw the first development of stonemasonry in what is now South Africa. [5] Glass beads and Chinese ceramics were imported. [8]