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It's no to a wealth tax and yes to tax breaks for home solar - Kieswetter | Business

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SA Revenue Service commissioner Edward Kieswetter says that tax compliance measures are paying off so well that he and the National Treasury agree there is no need to impose new taxes now. | News24_Business

SARS commissioner Edward Kieswetter says the time is not right to increase the burden on taxpayers.Households should be given incentives to install their own energy generation.SA Revenue Service commissioner Edward Kieswetter says that tax compliance measures are paying off so well that he and the National Treasury agree there is no need to impose new taxes now.

Compliance measures involved closer scrutiny of a sample of 8% of tax returns, only a quarter of which qualified for closer scrutiny, had prevented the outflow of R42 billion in impermissible refunds last year, he said. Kieswetter said he would also like to see tax incentives or concessions to households for investment in their own energy generation or even zero rating on products that offer alternative energy solutions."The last amendment to policy in respect of renewable energy was made in 2016 when companies were allowed accelerate the depreciation on renewable energy over one year, which effectively means a 28% discount on your investment.

 

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_Business Ha ha

_Business Ababuthi berhafu - satanic institutions - Tools of enslavement...

_Business We have amongst highest taxes in World, those fortunate enough to earn middle incomes pay over 40% but you have to pay again for education, health, security etc as the govt does jack. On Estates, if you are lucky enough to have saved during life get charged again on your demise.

_Business lol then SABC comes with a tax for pc monitors and equipment... sort out your departments ASAP

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