Excise duty on alcohol and tobacco products has increased by 8% in order to curb excessive drinking, Mboweni said during his Budget Speech.

Tax Justice SA say that hiking tax on booze and smokes is a ‘kick in the teeth’ for consumers and will only serve to embolden crime networks.

With the Budget speech for 2021 set to take place this week, all eyes will be focused of ‘Tito’s tax hikes’ – and there’s already an early favourite.

Small Business owners have pleaded with Tito Mboweni to be cognisant of the informal trade sector when implementing tax hikes.

Experts are calling for a 20% hike in sugar tax due to the health sector’s ongoing battle with the COVID-19 pandemic.

A new set of law amendments has given SARS the power to imprison citizens should they not comply.

South African healthcare experts have suggested that a new ‘alcohol tax’ would go a long way towards helping hospitals cope with increased demand.

Cyril Ramaphosa has stated that financing the vaccine ‘will not be an issue’ on Tuesday, failing to rule out the rapid introduction of a new tax hike.

Tens of millions of South Africans are set to feel the pinch of emergency tax hikes next month, as Treasury scrambles to raise funds for the vaccine rollout.

If the Treasury does go ahead with a tax hike to fund the vaccine rollout, figures provided by SARS and the DA reveal what it may end up costing us.

This is sure to get the blood boiling if it goes through. Treasury is weighing up a potential tax increase to fund the procurement of COVID-19 vaccines.

Soon there will be no place for tax dodgers to hide as high flyers are placed under the magnifying glass.

The Constitutional Court, on Tuesday, dismissed Public Protector Busisiwe Mkhwebane’s appeal to access personal tax information.

SARS claim that they’ve been ‘inundated with calls’ from people who have fallen victim to the refund scam – this is what taxpayers must look out for.

Taxpayers have been told that there are two major deadlines coming up in the next few weeks – with one payment method set to expire on Thursday.

(Partner Content) Employers across the country have generally welcomed the announcement of the new Job Support Scheme that will be launched for 6-months from 1 November 2020.

(Partner Content) The new Job Support Scheme will be introduced on 1 November 2020 as part of the government drive to help protect jobs where businesses are facing lower demand over the winter months due to coronavirus.

(Partner Content) Corporation Tax relief may be available where your company or organisation makes a trading loss.

(Partner Content) New grant support was announced 9 September that offers businesses in areas subject to a local lockdown a measure of financial support.

Ncumisa Chartered Accountants and Auditors strives towards transparency in business and tax reporting.

The couple, accused of tax fraud, handed themselves over to the Palm Ridge police accompanied by their legal representatives on Wednesday.

(Partner Content) HMRC uses targeted campaigns to recover underpaid taxes and penalties.

(Partner Content) The Self-Employment Income Support Scheme (SEISS) was extended for a second and final three-month period from 1 June to 31 August 2020.

(Partner Content) The Autumn Budget this year will be interesting.

You may have received an SMS from SARS, asking you to “Accept” or “Edit” your tax returns; here’s what you need to know…