EDITORIAL: These tax take numbers should be a wake-up call
It costs the government nothing to get rid of red tape, but the returns could be huge
05 November 2024 - 05:00
One of the best pieces of news to come out of last week’s medium-term budget was the revelation by SA Revenue Service commissioner Edward Kieswetter that small and medium-sized businesses (SMEs) were responsible for much of the surprise R11.7bn overshoot in corporate income tax collections that the National Treasury is now budgeting for.
Kieswetter said SMEs tend to react much more quickly than larger ones when conditions start to turn. Their productivity and profitability have jumped thanks to the fact that SA has had no load-shedding since March 26...
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