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Public comment sought on 2021 Draft Tax Bills

Public comment sought on 2021 Draft Tax Bills
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We re spending more on interest payments than even capital expenditure – Minority explains – Ghana Visions

We re spending more on interest payments than even capital expenditure – Minority explains – Ghana Visions
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Questions raised over proposed tax change for South Africa

Questions raised over proposed tax change for South Africa Subscribe National Treasury is proposing an alteration to the Income Tax Act that will remove the ability of thousands of low income South African families to receive tax exempt bursaries for their children. The families currently benefiting from this are majority black, low-income households and this alteration, should it go ahead, will severely impact thousands of families’ ability to pay for quality education, especially significant in a post-Covid-19 economy. Tax expert Vedika Andhee, said: “Covid-19 has devastated our economy. Dual income households have become ‘single’ income’ or ‘no income’ households. Fortunately, as is the culture in South Africa, irrespective of how difficult their own circumstances, where employed family members can assist, they readily step up.

South africaSouth africanYunus carrimElzahne hennJako le rouxMarli bothaKholofelo monyelaVedika andheeCommittee onNational assemblyCommittee on finance in parliamentNational treasuryIncome tax actSelect committeeDraft taxation laws amendment billTax consulting

Proposed SA Tax Change to Put Thousands of Low-Income Families at Financial Risk

Proposed SA Tax Change to Put Thousands of Low-Income Families at Financial Risk 4 months ago 5 min read Share with your network! National Treasury is proposing an alteration to the Income Tax Act that will remove the ability of thousands of low income South African families to receive tax exempt bursaries for their children. The families currently benefiting from this are majority black, low-income households and this alteration, should it go ahead, will severely impact thousands of families’ ability to pay for quality education, especially significant in a post-COVID-19 economy. Vedika Andhee, a leading tax expert, says, “COVID-19 has devastated our economy. Dual income households have become ‘single’ income’ or ‘no income’ households. Fortunately, as is the culture in South Africa, irrespective of how difficult their own circumstances, where employed family

South africaSouth africanYunus carrimMonica mphofuElzahne hennJako le rouxMarli bothaKholofelo monyelaVedika andheeCommittee onCommittee on finance in parliamentNational treasuryIncome tax actHuman capital consultantSelect committeeTax consulting

New tax amendment will put thousands of low-income families at financial risk

New tax amendment will put thousands of low-income families at financial risk By Supplied Share National Treasury is proposing an alteration to the Income Tax Act that will remove the ability of thousands of low income South African families to receive tax exempt bursaries for their children. The families currently benefiting from this are majority black, low-income households and this alteration, should it go ahead, will severely impact thousands of families’ ability to pay for quality education, especially significant in a post-Covid-19 economy. Vedika Andhee, a leading tax expert, says, “Covid-19 has devastated our economy. Dual income households have become ‘single’ income’ or ‘no income’ households. Fortunately, as is the culture in South Africa, irrespective of how difficult their own circumstances, where employed family members can assist, they readily step up. It has therefore become more important than ever that this benefit continues to exist and relief is

South africaSouth africanPortia ngobeniYunus carrimMonica mphofuElzahne hennJako le rouxKholofelo monyelaVedika andheeMarli bothaCommittee onNational assemblyCommittee on finance in parliamentNational treasuryIncome tax actHuman capital consultant