Judge Dennis Davis, who heads Davis Tax Committee, set up in 2013 to assess South Africa’s tax policy framework, has added his voice to concerns about the state of tax administration in South Africa, particularly in light of the R30-billion under-recovery in 2016/17 relative to the estimate provided in February last year. In the February 2016 Budget it was estimated that government would receive total tax revenue of R1.175-trillion during 2016/17. By October, the estimate was revised downwards and a revenue shortfall of R22.8-billion was forecast. However, in the 2017 Budget, the shortfall was again revised upwards to R30.4-billion, translating a new tax-collection estimate for the year of R1.144-trillion.
Source: www.engineeringnews.co.za
Tax administration developments ‘deeply disturbing’, Davis warns
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