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In the 2018/19 fiscal year SARS collected R 1 287.7 billion (equivalent to US$ 86.4 billion) [5] in tax revenue, a figure R71.2 billion (or 5.8%) more than that from the previous fiscal year. In 2018/19 financial year, South Africa had a tax-to-GDP ratio of 26.2% that was only slightly more than the 25.9% in 2017/18.
e. A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax, because the consumer who ultimately bears the burden of the ...
sars.gov.za. The South African Revenue Service (SARS) is the revenue service of the South African government. It administers the country's tax system and customs service, and enforces compliance with related legislation. [2] It is governed by the SARS Act 34 of 1997, which established it as "an organ of state within the public administration ...
International Air Services Act, 1993: 61: Value-Added Tax Amendment Act, 1993: 62: Documentary Evidence from Countries in Africa Act, 1993: 63: Associated Health Service Professions Amendment Act, 1993: 64: Potchefstroomse Universiteit vir Christelike Hoër Onderwys (Private) Amendment Act (House of Assembly), 1993: 65: Arms and Ammunition ...
Births and Deaths Registration Amendment Act, 2010. 19. Magistrates' Courts Amendment Act, 2010. 20. Repeal of the Black Administration Act and Amendment of Certain Laws Amendment Act, 2010. 21. Regulation of Interception of Communications and Provision of Communication-related Information Amendment Act, 2010. 22. Defence Amendment Act, 2010.
Government Gazette 17737 from 1997, which states President Nelson Mandela promulgating when the Constitution of South Africa came into effect. The Government Gazette (Afrikaans: Staatskoerant) is the gazette of record of South Africa. It is the "official organ of Government ". [3] The Government Gazette is used by the government as an official ...
In South Africa, the turnover tax is a simple tax on the gross income of small businesses. Businesses that elect to pay the turnover tax are exempt from VAT. Turnover tax is at a very low rate compared to most taxes but is without any deductions. [1] In Ireland, turnover tax was introduced in 1963 [2] and followed by wholesale tax in 1966.
List of acts of the Parliament of South Africa, 1950–1959. List of acts of the Parliament of South Africa, 1960–1969. List of acts of the Parliament of South Africa, 1970–1979. List of acts of the Parliament of South Africa, 1980–1989. List of acts of the Parliament of South Africa, 1990–1999.