South African taxpayers to pay for ban on cigarettes and alcohol: expert

The South Africa Revenue Services (SARS) has predicted that it will lose around 15% to 20% of its tax revenue this year as a result of the nationwide Coivid-19 lockdown.

The responsibility of filling the gap will now fall upon the South African taxpayers, says David French, Tax Consulting Director at Mazars.

He added that there is also a real question as to whether there will be a large enough taxpayer base left at the end of the lockdown period to make a meaningful contribution to SARS’ collection efforts by the end of the financial year.

These changes mean that Treasury will have no…

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A free-thinking individual who strives to maintain psychological balance between the two polar aspects of Human Nature; Desire and Conscience. However, These conditions can never be balanced because inertia will carry us to extremes. Balance is a constant struggle therefore I live by the principles of the HERU Interface