MONEYWEB
app instead?
‘Critical to prevent the implosion of the local industry’. 00:01
There is value in shooting films in SA due to the exchange rate, but there will be a negative impact if the incentives dry up. Image: Shutterstock
The South African film industry enjoyed some Hollywood glamour when
My Octopus Teacher won an Academy Award for best documentary.
However, back home there is growing uncertainty about the financial future of the industry. A relatively unpopular tax incentive will come to an end soon, but the main concern centres on the film and television production cash incentives offered by the Department of Trade, Industry and Competition (dtic).
Sars offices will be open on Saturdays throughout the month of October.
The history of international taxation shows that tax tends to shift substantially after a major world event. The two world wars have been the most important catalysts for the development of international taxation, a recent report by Graphene Economics on cross-border tax notes. In the report Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), says that given the impact of Covid-19 on world economies, there is likely to be another shift in international taxation over the coming months and years. “If we look back at the 2008 global financial crisis, it was only in 2013 that.
Governments are likely to seek out new âpocketsâ to tax and may adopt more protectionist mentalities. 00:01
The digital economy is an obvious target. Image: Shutterstock
The history of international taxation shows that tax tends to shift substantially after a major world event. The two world wars have been the most important catalysts for the development of international taxation, a recent report by Graphene Economics on cross-border tax notes.
In the report Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), says that given the impact of Covid-19 on world economies, there is likely to be another shift in international taxation over the coming months and years.