London, September 2023 Nexia is pleased to announce the imminent launch of a new member firm to service the GermanRead More
What Our New Tax Statistics Tell Us
Sugar Tax: Good for the Taxman, Bad for the Sugar Industry
April 2, 2019
You Signed a Property Sale Agreement, Can You Still Accept a Better Offer?
June 13, 2019Latest Posts
There are only run-of-the-mill tax deadlines in April, but some interesting information emerged from the recently-released 2018 edition of SARS’ Tax Statistics –
- For the first time since the Global Financial Crisis the increase in tax revenue collected lagged behind GDP growth. This reflects that (a) the days of tax collections rising at a fast clip are over and (b) tax morality is declining (something SARS is concerned about and it’s one of the factors in the setting-up of the Nugent Inquiry into tax affairs).
- Only 24% of companies paid tax, underlining the drop off in corporate tax profitability.
- Over 40% of all individual taxpayers are from Gauteng.
SARS Warning: Beware Scam Emails!
“The backbone of any successful phishing attack is a well-designed spoofed email or spoofed website, which is why it pays…
Latest Posts
Nexia launches new operations in Germany with eleven office locations
London, September 2023 Nexia is pleased to announce the imminent launch of a new member firm to service the GermanRead More
