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In the 2017/18 tax year 24.2% (993 069) of 3.7 million companies in South Africa had taxable income. Of them, 57.7% of the tax was paid by 370 large companies (0.2% of all companies) with a taxable income in excess of R200 million. Around 70% of the tax collected was from the finance, manufacturing, and retail and wholesale trade sectors.
By the end of 2015–16 combined government guarantees on debts owed by state owned enterprises had reached R467 billion (equivalent to US$33.1 billion) and were expected to reach R500 billion by 2020 representing 10 percent of South Africa's GDP. [4]
In 2021/22 the Western Cape Provincial government received a total budget of just under R 72.35 billion with 74% (R54.445 billion) of that in the form of "equitable shares" from the national government budget, 18% (R13.53 billion) in the form of "conditional grants" from national government, 4% in "financing", 3% from the provinces own receipts ...
South Africa Act 1909; Constitution of the Republic of South Africa 1961; Constitution of the Republic of South Africa 1983; Constitution of the Republic of South Africa 1993; Constitution of the Republic of South Africa 1996; Kahn, E. (1961). The New Constitution. Kruger, D.W. (1969). The Making of a Nation. May, H.J. (1949). The South African ...
South Africa introduced a sugar tax on 1 April 2018. The levy was fixed at 2.1 cents per gram of sugar, for each gram above 4g per 100ml of sweetened beverage. The levy excludes fruit juices, despite health professionals warning that fruit juice is as bad for a person as highly sugary drinks. [ 110 ]
The social assistance disbursed by SASSA takes the form of various grants; most of them are means-tested and paid in cash on a monthly basis. These are the Child Support Grant, the Care Dependency Grant, the Foster Child Grant, the Disability Grant, the Grant-in-Aid, the Older Person's Grant (an old-age pension), and the War Veteran's Grant. [6]
A payment surcharge, also known as checkout fee, is an extra fee charged by a merchant when receiving a payment by cheque, credit card, charge card, debit card or an e-money account, [1] but not cash, which at least covers the cost to the merchant of accepting that means of payment, such as the merchant service fee imposed by a credit card company. [2]
Stamp duty land tax (SDLT) is a tax on land transactions in England and Northern Ireland. It was introduced by the Finance Act 2003. It largely replaced stamp duty with effect from 1 December 2003. SDLT is not a stamp duty, but a form of self-assessed transfer tax charged on "land transactions".