VAT at 16%?

it seems this is not a proposal put forward by government, in fact I haven't heard anything from government about raising taxes.
 
Talking about killing the goose that lays the golden eggs.... something the cANCer will never understand!
 
So like eToll, instead of addressing the elephant in the room, just make the room bigger.

I think if it came with a huge % reduction on income tax, capital gains tax(property tax), and pension/RA types then maybe.. Kinda like encouraged saving
 
I count only 34 ministries and they don't all have deputies in the cabinet.

The US secretaries are fixed by law and are not part of congress. We don't have fixed ministries but must draw from parliament.

A trillion rand debt is not big by international standards.
 
DJ... said:
Governments the world-over have over the last hundred or so years done nothing but attempt to increase their own relevance and size, and in doing so have created the majority of the world's problems.
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Hahaha, oh wow. Without government we'd all be stuck working for Rockefeller. Tell me, what great evil world problems have the governments created in the last century?
 
Increased vat won't hit the poor - they don't buy luxuries anyway, and staple foods etc are VAT free. :p
 
Sinbad said:
Increased vat won't hit the poor - they don't buy luxuries anyway, and staple foods etc are VAT free. :p
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Myth. There are only a handful of items that are vat free and there's no way you can live on only those few items. They probably make up only 10% of even a poor person's purchases.
 
Midnight_choir_drunk said:
Myth. There are only a handful of items that are vat free and there's no way you can live on only those few items. They probably make up only 10% of even a poor person's purchases.
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The list of zero rated items includes the following items:

brown bread
dried mealies
dried beans
lentils
pilchards or sardinella in tins or cans
rice
fresh fruit and vegetables
vegetable oil
milk
eggs
edible legumes.

Quite a bit you can live on there...
 
Petrol and air time are not vat exempt. Neither are alcohol and cigarettes.
 
Garson007 said:
Hahaha, oh wow. Without government we'd all be stuck working for Rockefeller. Tell me, what great evil world problems have the governments created in the last century?
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The purpose of government is to remove force from the equation. Protecting us from Rockefeller should be left up to us.

What great problems? Let's see:

Oppression
Scarcity
Famine
Genocide
Impoverishment
Property theft
Destruction of historical artifacts and monuments

That's just off the top of my head.
 
Simply abolish personal income tax and raise VAT to 17 - 18% with no tax exempt goods.

This will:

1. Force current non tax-payers (tens of millions of them) to contribute to the running of the country and pay for their own homes, universal health care, state pensions, social grants and infrastructure development (indirectly). Every person will exercise their social responsibility by paying tax.

The rich will simply pay more tax by them spending more, and the poor will pay less tax by spending less (its all relative). Everyone pays equitably.

2. Cut the number staff at SARS down dramatically by eliminating annual tax returns and all the admin involved. Remaining staff will simply focus on business VAT compliance.

This solution will relieve a lot of stress for public and SARS accordingly.
 
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Koosi said:
Are you 100% sure of this?
I am going to check
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Found this....

Zero-rated supplies - supplies of certain goods or services subject to VAT at zero percent. The following are, amongst others,
specifically zero-rated: brown bread, maize meal, samp, mealie rice, dried maize, dried beans, lentils, pilchards (excluding pet
food or sardines supplied in tins), milk powder (unflavoured), dairy powder blend, rice, fresh vegetables (excluding canned,
bottled and dehydrated), fresh fruit, vegetable oil used for cooking (excluding olive oil), milk including long-life milk
(excluding condensed, flavoured, sweetened and evaporated milk), cultured milk, brown wheaten flour, raw eggs, pod
vegetables, diesel, petrol and illuminating paraffin. Export sales and services are zero-rated, subject to specific requirements.
Supplies from South Africa to an Industrial Development Zone will be treated as exports.

http://www.agn-waa.org/publications/TAX-South Africa.pdf
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