VAT Refunds – The Sword in the Stone
It is one of those things you need to personally experience; otherwise you will never fully comprehend how frustrating things can become. When you get audited by certain SARS officials before payment of your Value-Added Tax (VAT) refund, expect the long road and frustration, often when your business really needs the cash flow.
Remuneration Trends for 2019
An employee’s remuneration package was once carved in stone, consisting of their pay and some standard benefits, like medical aid and pension. However, things are quite different these days, with employers hoping to offer better rewards that entice top talent to join their organisations and stay longer. Here, we share our views on what workers […]
Budget Speech 2019: Systems Set in Place – Revenue Collections
Since the interim budget speech in October, there has been a significant decrease in revenue. The revenue was decreased by R15.4 billion, which can mostly be attributed to the increase in VAT refunds over the past few months.
Budget Speech 2019: Tax Revenue and Raising SARS’ Capacity
During the delivery of the 2019 Budget speech, the Minister – Tito Mboweni – spoke about six fundamental prescripts in this year’s budget, one of them being Increasing tax collection. In increasing tax collection, he talked about Tax revenue and raising SARS’ capacity – the following was addressed on this topic:
Budget Speech 2019 : Seed planted on rocky ground
The Minister of Finance Tito Mboweni has laid out for us a budget speech which most of us expected to be tough and paint a true state of the nation. We mostly expected him to lay down the hammer on fruitless and wasteful expenditure, to curb unnecessary spending by our highly esteemed politicians.