n Tax Breaks Newsletter - Davis Tax Committee issues first interim report on VAT : tax reform
|Article Title||Davis Tax Committee issues first interim report on VAT : tax reform|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Affiliations||1 PwC Africa|
|Publication Date||Sep 2015|
|Pages||1 - 3|
The South African tax system has changed significantly since the recommendations of the Katz Commission in 1995, shortly after the introduction of VAT - which, at the time, signalled a fundamental shift in South Africa's taxation landscape. It was on this basis that in 2013 then-Finance Minister Pravin Gordhan announced the members of the Davis Tax Committee ('DTC') that would assess the South African tax policy framework, and its role in supporting the objectives of employment, development, fiscal sustainability, and inclusive growth.
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