n Tax Breaks Newsletter - The budget's VAT changes : budget 2006
|Article Title||The budget's VAT changes : budget 2006|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Jan 2006|
|Pages||6 - 7|
Extracted from text ... BUDGET 2006 6 March 2006 Moneyweb's TAX BREAKS KMPG highlights the most pertinent Value-Added Tax proposals made in the 2006 National Budget Review: SMALL BUSINESSES AND FARMERS The VAT registration threshold for small farmers and small businesses will increase from R1 million to R1.2 million for tax periods on or after 1 July 2006. This will improve the economic environment for small business. The Budget's VAT changes By KATHY THERSBY ZERO-RATING OF MUNICIPAL PROPERTY RATES Municipal property rates will be zero rated with effect 1 July 2006. This would result in municipalities being able to unlock input tax incurred ..
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