Economists say we will most likely see an increase in personal tax and the fuel levy, as government tries to ramp up tax collection.
They say government is running out of options to raise money after SARS missed its collection targets over the past few years.
Analysts say it’s now a certainty that SARS will miss its collection target yet again.
Last year the revenue service missed its target by R57-billion.
South Africa’s per capita economic growth remains negative, with the economy expected to grow by less than a percent this year, while the population has grown by 1.6 percent.
Corporate tax has plummeted over the last few years.
And the recent increase in VAT is failing to close gap.
“We have to collect extra taxes and that’s the problem, so those extra taxes are more than likely to come from personal income tax which is also a high burden already,” says Eonomist, Mike Schussler.
Schussler says taxpayers are already paying more tax.
This, a
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