Latest Breaking News On - Taxi recapitalisation programme - Page 5 : comparemela.com

Sars set to tackle R90bn taxi industry that paid R5m in tax in last year By Velani Ludidi Share Cape Town - SARS will focus on the minibus taxi industry in the coming financial year as it embarks on a major compliance drive, revealed Finance Minister Tito Mboweni. He was answering in a written parliamentary Q&A session, a question asked by DA MP Geordin Hill-Lewis. The MP wanted to know the total amount received from the industry and whether if Sars was concerned about tax avoidance in the cash-dominated industry. “Sars collected approximately R5 million in corporate income tax (CIT), from taxi operators; however this amount includes tax collected from their employment income. This is because the industry does not correctly disclose income from taxi business on their CIT returns but included under a generic income source code. We were not able to determine income solely from taxi operations,” the minister said.

Cape townWestern capeSouth africaSouth africanGeordin hill lewisThabiso molelekwaTito mboweniLumkile mondiCyril ramaphosaAfrica national taxi councilTaxi recapitalisation programmeFinance minister titoPresident cyril ramaphosaSouth africa national taxi councilMoving south africa policy frameworkTaxi recapitalisation