n Tax Breaks Newsletter - A flat tax for South Africa? : flat tax systems
|Article Title||A flat tax for South Africa? : flat tax systems|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Feb 2006|
|Pages||7 - 8|
Extracted from text ... Moneyweb's TAX BREAKS February 2006 7 FLAT TAX SYSTEMS A flat tax for South Africa? By PAUL FERREIRA ACCORDING to documents put out by National Treasury on last year's Budget day, the estimated tax revenue for the fiscal year ended 31 March 2005 is some R345bn and the estimated cost of the South African Revenue Service collecting this tax revenue is some R4.6 million. That is a 1.33 per cent collection cost, which compares with 0.52 per cent in the USA and 1.44 per cent in France. To this should be added the taxpayer's own costs, including the cost ..
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