n Personal Finance Newsletter - Increase in "sin taxes" aimed at reducing abuse - Treasury : Budget 2012
|Article Title||Increase in "sin taxes" aimed at reducing abuse - Treasury : Budget 2012|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Mar 2012|
Those amongst the South African public who enjoy gambling will also have a gambling tax awaiting them in the future, with a proposed national tax based on gross gambling revenue that will be effective from 1 April 2013. This will be done as an additional 1% levy on a uniform provincial gambling tax base. A similar base will also be used to tax the national lottery, Gordhan said.
Article metrics loading...