Taxation in South Africa

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The tax on sugary drinks amounts to 2.1 cents per gram of sugar. It represents an 11% increase on a can of Coca-Cola.

On 13 September 2018, the National Treasury released a draft response document to the Draft Rates Bill. The response document noted that National Treasury received 11 submissions related to the Bill – focusing on everything from the proposed Carbon Tax to changes to Estate Duty.

Alongside missing its tax collection target for the year, the SA Revenue Service (Sars) is likely to struggle to collect about 40% of outstanding taxes.

A phalanx of high-profile South African celebrities are being criminally investigated by the Hawks while others are being prosecuted for fraud relating to their taxes.

Treasury’s proposed amendments to the tax incentive for venture capital companies have had a paralysing effect on the industry‚ the association representing the sector said in Parliament on Tuesday.

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