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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
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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, ....

South Africa , South African , Yunus Carrim , Monica Mphofu , Elzahne Henn , Jako Le Roux , Marli Botha , Kholofelo Monyela , Vedika Andhee , Committee On , Committee On Finance In Parliament , National Treasury , Income Tax Act , Human Capital Consultant , Select Committee , Tax Consulting , Draft Taxation Laws Amendment Bill , Benefits Manager , Dimension Data , ஜாகோ லெ ரூ , மார்லி போத்தா , குழு ஆன் , குழு ஆன் நிதி இல் பாராளுமன்றம் , தேசிய கருவூலம் , வருமானம் வரி நாடகம் , மனிதன் மூலதனம் ஆலோசகர் ,

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
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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 exis ....

South Africa , South African , Portia Ngobeni , Yunus Carrim , Monica Mphofu , Elzahne Henn , Jako Le Roux , Kholofelo Monyela , Vedika Andhee , Marli Botha , Committee On , National Assembly , Committee On Finance In Parliament , National Treasury , Income Tax Act , Human Capital Consultant , Select Committee , Tax Consulting , Draft Taxation Laws Amendment Bill , Benefits Manager , Dimension Data , ஜாகோ லெ ரூ , மார்லி போத்தா , குழு ஆன் , தேசிய சட்டசபை , குழு ஆன் நிதி இல் பாராளுமன்றம் ,