Big shift in company tax in South Africa

  • 📰 BusinessTechSA
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 61%

الإمارات العربية المتحدة أخبار أخبار

الإمارات العربية المتحدة أحدث الأخبار,الإمارات العربية المتحدة عناوين

South Africa’s company tax contributions have seen a major shift over the last few years – largely driven by wild swings in the mining sector.

Company tax in South Africa is set to shift downward in a big way, according to Stats SA, after the local mining industry more than halved its contributions in Q2 of 2023.

According to Stats SA, the mining industry strengthened company tax collections after the Covid-19 pandemic – the now famous ‘commodity boom’ which led to the glossy outlook on South Africa’s finances during the 2023 budget. Personal income tax was the largest contributor , followed by value-added tax , CIT and other levies and taxes .

“The rise in CIT in 2021/22 corresponds with data from Stats SA. The Quarterly financial statistics survey collects financial data from enterprises in the formal business sector. It shows that the business services, manufacturing, mining and trade industries are the largest contributors to company tax,” Stats SA said.

Stronger mineral sales were recorded too – according to data from Stats SA’s Mining: Production and sales statistical release – with sales of platinum group metals driving much of the upward momentum.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 24. in AE

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

How Kagame does business in Africa: The Africa Report.comCrystal Ventures, the holding company owned by the presidential party that has become an indispensable economic actor in Rwanda. It is now expanding throughout Africa. Crystal Ventures is buoyed by diplomatic efforts deployed by Kigali. Dive into the heart of a group created in the aftermath of the genocide and whose operations remain very secretive.
مصدر: TheAfricaReport - 🏆 29. / 55 اقرأ أكثر »

Africa: Mauritius to Foster a Conducive Investment Climate for Africa, Says Minister Seeruttun'Mauritius will continue to fulfill its promise of delivering on the "Africa We Want" in line with the vision of the African Union Commission's 2063 Agenda and work towards a common objective of creating a sustainable and inclusive environment to attract investment for Africa's growth'.
مصدر: allafrica - 🏆 1. / 99 اقرأ أكثر »