There has been an underrecovery by the SA Revenue Service of over R1.5bn on the sale of alcohol and cigarettes in the month of April, commissioner Edward Kieswetter said on Thursday.
The underrecovery comes as the lockdown has shut down the economy and significantly reduced tax revenue. Finance minister Tito Mboweni said revenue in 2020/2021 could be 32% lower or more at a time when there was immense pressure on government expenditure.
Ain’t God good
That’s fine they will just recoup it in next years 17%Vat change!!!
3DMapLady CyrilRamaphosa PresidencyZA Wonder how many starving , unemployed people this could have helped ! Instead that granny helps herself to her “Loot” ! ANC “for the people”
The ruling party couldn’t make the right decision if it stared them in the face 😫
How short sighted the ruling party is. Ruling with emotions an not practicality
We got 500 billion
Own stupidity!
It can’t be. I thought it will be more than that.
The issue is whether by putting a ban on Cigarettes will lead people to use alternative smoking tools like rolling TOBACCO with newspapers, smoking pipes and the social acceptance of illegal cigarettes.
THE DA WARNED ABOUT THIS, THAT MAKES MANY PEOPLE WONDER IF THE GOV DID NOT ANTICIPATE THIS. WE ARE IN TROUBLE. NOW TITO WANTS TO MAKE A LOAN.
So every month we could have what the Rupert's gave as a once off.
So every month we could have what the Rupert's have as a once off.
This money would have benefited a foreign producer because its a drop in import revenue, thank God this money remains in South Africa and can be used for substitute local product or remains in the bank as savings.
This loss has saved lot of life we thank God can it continue until level 1
He needs to talk to his buddies about the pathehic lockdown rules they are making every day
SA economy has saved billions of Rands in damages caused by alcohol and cigarette in vehicle crashes, assaults, stabbings, respiratory illnesses etc.
Don't just stop there, and how much is SARS losing in tourism 🤔After that tell us what is so special about these drugs
People asking to lockdown answer this •How many families must go bankrupt to make you feel safe? •How many business owners should close down, to make you feel safe? •How many people are you comfortable with committing suicide from financial ruin,to make you feel safe?
😂
Up in smoke?
If only Zuma was our king
SO WHAT?
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Sars loses out on R1.5bn in April due to ban on alcohol and cigarettesFinance minister Tito Mboweni says he did not support the ban but as a member of the cabinet, he had to go along with the decision Ya’ll really trying hard to push the figures in our faces neh. We care more about life Then companies selling these toxins must've lost R20 billion in sales, GOOD! All industries are losing money. - The airline industry - Tourism industry (Hotels, Game reserves and Resorts) - The textile industry - The energy industry (Gas stations) So what makes alcohol and cigarettes so special.
Source: BDliveSA - 🏆 12. / 63 Read more »
Sars loses out on R1.5bn in April due to ban on alcohol and cigarettesFinance minister Tito Mboweni says he did not support the ban but as a member of the cabinet, he had to go along with the decision Ya’ll really trying hard to push the figures in our faces neh. We care more about life Then companies selling these toxins must've lost R20 billion in sales, GOOD! All industries are losing money. - The airline industry - Tourism industry (Hotels, Game reserves and Resorts) - The textile industry - The energy industry (Gas stations) So what makes alcohol and cigarettes so special.
Source: BDliveSA - 🏆 12. / 63 Read more »