Treasury defends VAT hike proposal, rejects idea of wealth tax, increasing corporate income tax
submitted 9 months ago by Lthabo1999
submitted 9 months ago by Lthabo1999
- National Treasury rejected the idea of imposing a wealth tax and increasing corporate income tax in South Africa, as it believes it could harm tax compliance and investment.
- They defended the 2018 value-added tax (VAT) hike, stating that it raised substantial revenue, and emphasized that corporate tax increases could hinder economic growth and competitiveness.
Advertisement
No comments yet
Be the first to share your opinion!