R90bn taxi industry only paying R5m in taxes

  • 📰 IOL
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Malaysia News News

The DA wants the government to act against tax dodgers in the taxi industry, calling on the SA Revenue Service to brief Parliament on how it intends to bring them to book.

Cape Town – The DA wants the government to act against tax dodgers in the taxi industry, calling on the SA Revenue Service to brief Parliament on how it intends to bring them to book.

This while the minibus taxi industry is demanding government subsidies, DA finance spokesperson Geordin Hill-Lewis pointed out. ’’This means that the vast majority of taxi operators and owners are declaring no corporate tax income at all, and are not paying payroll tax for their drivers and employees.

’’In the minister's reply, he sets out some proactive actions Sars is taking to address this problem. However, these are focused on education and voluntary compliance, and none of these deals with enforcement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

High time someone takes this issue head on.

SA_Taxis ziyajiki izinto. what Divide African party wants it gets under newdawn

That is crazy 🤪.Why are they not calling the government to subsidize them like the rest of the transport industry.

The taxi industry will say that this is racist

With sincerity and gratitude in my heart I’m doing this testimony so other people will know that this platform is real and legit, I’m grateful Sharon_cryptofx

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Taxi industry makes billions, but only R5m in taxes collected | The CitizenThe minibus taxi industry transports two thirds of commuters in SA, and is estimated to have a turnover of over R16.5 billion a year. Where are the tax collectors? What about fuel levies and VAT when purchasing a new taxi , vehicle maintenance parts and service.Those figures are not true. Those guys are changing break pads every month and break pad is not zero rated on tax. Our_DA time to boycott taxes.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Minibus taxi industry pays only R5m in company tax – now it may get its own tax rules | Fin24The minibus taxi industry contributes only around R5 million in annual company tax, Finance Minister Tito Mboweni confirmed this week. SARS is concerned about tax avoidance in the industry, which earns an estimated annual revenue of R5 billion. | Fin24 Fin24 Only few make money ... if they maintained those scraps and formally paid drivers, many would hesitate to remain in that business. Fin24 Lots of people aren't paying especially taxi owners...correct me if I'm wrong Fin24 NGEKE bayinuke eyamatekisi. 🤣🤣🤣
Source: News24 - 🏆 4. / 80 Read more »

Taxi industry makes billions, but only R5m in taxes collected | The CitizenThe minibus taxi industry transports two thirds of commuters in SA, and is estimated to have a turnover of over R16.5 billion a year. Where are the tax collectors? What about fuel levies and VAT when purchasing a new taxi , vehicle maintenance parts and service.Those figures are not true. Those guys are changing break pads every month and break pad is not zero rated on tax. Our_DA time to boycott taxes.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Minibus taxi industry pays only R5m in company tax – now it may get its own tax rules | Fin24The minibus taxi industry contributes only around R5 million in annual company tax, Finance Minister Tito Mboweni confirmed this week. SARS is concerned about tax avoidance in the industry, which earns an estimated annual revenue of R5 billion. | Fin24 Fin24 Only few make money ... if they maintained those scraps and formally paid drivers, many would hesitate to remain in that business. Fin24 Lots of people aren't paying especially taxi owners...correct me if I'm wrong Fin24 NGEKE bayinuke eyamatekisi. 🤣🤣🤣
Source: News24 - 🏆 4. / 80 Read more »