WATCH: A taxing question for finance minister Tito Mboweni
Tax collection is the only way that government generates revenues and the National Treasury is already struggling to close a revenue shortfall of more than R27bn, with revenue collection deteriorating significantly. What is likely to be the target this year, given that VAT was increased in 2018? David Warneke, chair of the SA Institute of Chartered Accountants’ (Saica) national tax committee, joined Business Day TV to discuss next week’s budget.
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