author_orbitax
Orbitax

Share This Article

OECD Economic Survey of South Africa Includes Tax Recommendations

29 August 2022

|

Proposed Changes

|

South Africa-OECD

The OECD has announced the publication of the latest Economic Survey of South Africa on 25 August 2022. Among other things, the survey says that South Africa's tax system could be improved by reducing allowances and deductions in personal income tax that tend to benefit high earners and by adapting wealth transfer taxes and estate duties to limit the transmission of wealth inequality. Further, it is noted that there is room to raise the relatively low VAT rate once inflation has abated. --- South Africa: improve productivity and the efficiency of public spending to bolster living standards, says OECD 25/08/2022...