According to experts, tax revenue growth has been tracking marginally below expectations over the past year. Whilst there are various revenue options available, it is vital that the National Treasury choose one that is not only efficient and least detrimental to the fragile South African economy, but equitable. According to CEO of DebtBusters, Ian Wason, “Wealthy individuals are in for a shock as we anticipate major tax changes targeting these consumers this year.”
Comments are closed.
More related posts
From Business Day by Michael Bleby NATIONAL Credit Regulator Gabriel Davel warned yesterday that SA’s highest earners would be harder hit than middle- income earners as interest rate rises squeezed their ability to pay. Releasing lending data from credit bureaus for the first time, Davel said that while the middle-income market (people earning between R3500 […]
If you are over 50 years old and wonder if your retirement savings plan is aggressive enough, you’re not alone. Statistics show that most retirees face some sort of retirement savings crisis just a few years after giving up work. It is quite easy to underestimate your cost of living, max out your savings when […]
With the holiday season upon us, South Africa’s biggest debt counsellor DebtBusters has seen a decrease in the amount of applications for debt counselling, but an increase in the number of enquiries submitted to the company website. This prompts the company’s MD, registered debt counsellor Luke Hirst, to come to one very telling conclusion: ‘The […]
“We wish you a Merry Christmas” was presumably the music you heard playing in one of your local shopping markets in early October. You most likely felt a sense of uneasiness because you quickly remembered the financial implications that tag along with the festive season.