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

Finance minister Tito Mboweni has published new data on how South Africa’s tax statistics have changed over the last five years.

Responding as part of a written parliamentary Q&A, Mbonweni’s data indicates that there has been a clear decrease in persons submitting Personal Income Tax (PIT) while the number of Corporates submitting returns (CIT) has increased.

Despite this shift, provisional tax data published by SARS in April shows that Personal Income Tax (PIT) is still a key source of revenue.

In 2019/2020 the revenue collector collected a gross amount of R1.6 trillion, which was…

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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