Check out my latest article: COVID 19 VAT EXEMPTION MISUNDERSTANDING – IGNORANCE OF THE LAW IS NOT AN EXCUSE linkedin.com/pulse/covid-19… via @LinkedIn
#login Covid19 essential supplies are not exempt from VAT when supplier sells these after importation. THESE LOCAL TRANSACTIONS HAVE NORMAL VAT IMPLICATIONS. THE ONLY EXEMPTION AFFORDED IS IMPORT VAT FOR IMPORTERS TO EASE CASH FLOW. This confusion is creating huge audit risk
Budget Speech:
“The Office of the Tax Ombud (@TaxOmbud) has proved effective in ensuring that taxpayers are not prejudiced by SARS. Government will strengthen the ombud and separate it financially and operationally from SARS.
In fact the masses are not interested in socio-economic jargon they want food, shelter and surety regarding the future of their children. They want to know their children won’t face the poverty and hopelessness they themselves faced as parents. #Budget2020
#BudgetSpeech2020 - Austerity measures remain important especially curbing public expenditure. The challenge is how this can be done while tackling our triple challenges especially unemployment. We predict a radical approach to VAT increase at 2%. #Budget2020
Walena CEO (@batho138) states that complete structural independence is a non negotiable if we want OTO to be trusted fully and be recognized internationally. We have to keep engaging and knocking on doors until this is achieved. #IndependentTaxOmbud
Joining Tax Ombud Judge Bernard Ngoepe in a panel discussion is Advocate Lucia Hlongwane, the founder and CEO of Walena Africa Capital. #IndependentTaxOmbud