Fin24

SA tax system ranked highly

2011-11-15 11:58

Johannesburg - South Africa's tax system was ranked number one among emerging economies, SABC news reported on Tuesday.

The system was ranked for its efficiency and for easing the compliance burden on taxpayers, according to a report by the World Bank, the International Finance Corporation and accounting firm Price Waterhouse Coopers.

It found that South Africa was taking the lead as a result of first world initiatives taken by the government, such as e-filing.

However, the country's tax system had fallen 12 places in the global ratings, which included developed countries.

 

Comments
  • gcr - 2011-11-15 12:18

    To all intents and purposes SARS is deemed to be an efficient and well managed operation - and yet it ends up like any other government managed operation dropping down the ranking - why can't these government officials work at getting the country to rise up the ranking - good governance, ease of doing business, entry levels into the marketplace. Why is it that mediocrity is accepted as a standard for this country - lets make the country world class, not world class african whatever

      ANC-FTL - 2011-11-16 13:36

      gcr - Its call greed mate. Simple as that.

  • Daan - 2011-11-15 12:23

    Sure they are the best, now just use these well gathered taxes wisely. That is a total different ranking Iwould think.

  • Saksak - 2011-11-15 12:31

    good reason to downgrade our beloved country.

  • andrew.v.aswegen - 2011-11-15 12:41

    but the spending of tax system is not so highly ranked

  • 100001872330980 - 2011-11-15 12:42

    MY HARD earned money and what do you do, give it to those thieveing criminals (anc) for a party.

      BrassCopper - 2011-11-15 18:39

      its only 100 000 000 Rand... its not like you can build a school or hospital with that... absolute power corrupts absolutely - the ANC is just too powerful to be able to be democratic... one day - when there is a strong opposition - there will be no - one hundred million rand parties for a selected few.

  • Nigel - 2011-11-15 12:58

    amazing, the ANC Govt is # 1 at collecting money but can't deliver, funny thing that

  • SheepleFarmer - 2011-11-15 13:19

    Rubbish, we have to do our tax in both Australia and South Africa and doing tax in South Africa is a nightmare. It takes months to get back any tax due to you, and they almost always miscalculate it. In Australia it took 2 weeks and the money was in our account and spot on to the cent. South African E-filling is also a pain and it's not very new either. Here in Aussie they have been doing it for years and the system is fast, easy and it works! We actually don't mind paying tax here, and I'm quite amazed at how much rebate there is and we always get back more than we expect. But when tax is due back in SA, we dread it.

      100003074117374 - 2011-11-15 14:27

      I must just be lucky because I have an assessment returned in less than 24 hours and within 48 hours the money is in my account.

      spenk - 2011-11-16 08:35

      Dunno what hogwash your talking. as soon as I submit my return, the money is in my account within 3 days.. I've never had any bad experiences and I've submitted online now for 4 yrs. It's probably cos you're living in Australia, might make things more complicated.

  • noxiboxi - 2011-11-15 13:51

    Oh but I just see that line "ranked number one among emerging economies" given the "emerging economies" in that category I can believe, but number 1 probably means number 100 on the global scale. Let's get real, when it comes to emerging economies, most of those countries are very underdeveloped and hardly have any proper and decent delivery system. To be number one there is nothing to boast about, to judge a countries performance it must need to be measured on all levels on a global scale... not against the weak, poor and under developed countries. The heading, Ranked Highly is a huge misnomer. There is still a lot of work to be done in SA when it comes to efficiency and service delivery.

      ChumScrubber - 2011-11-15 17:09

      I think they are very efficient - it is one instance I have to compliment this government on. It has become very impersonal though - if you make a mistake its hell to get it sorted out. eFiling has made life a lot easier, before that that were some seriously incompetent people to deal with. What irks me the most is how our taxes are wasted, it can only be described as criminal, and a great incentive to avoid tax paying.

  • Bogoshi - 2011-11-15 14:21

    At the rate that we're robbed the few cents we make, they had no choice but to be number one, pitty we can't say the same about where that money is going, hopefully they can employ those commited laboures of SARS to all government Departments, maybe service delivery will be ranked number one as well.

  • BrassCopper - 2011-11-15 18:27

    SARS a government department that has seen the least transformation take place - so is anyone surprised? when the right people are in the right positions things work. AA / BEE doesn't work nor does it entice job creation. only education time and promotions works... but our country is way to racially divided to ever understand economics 101. we have created a generation of beggars and the "give me give me" attitude that will make the next few generations pay a very hefty price... the proof is in the pudding - one of the most racist South Africans, Malema - a man who never experienced apartheid hates more then any other. the truth might hurt - but its the truth nonetheless. Only education will free us - but the youth wants BMW's now - not an education... we have the lowest level of education in Africa. promises made by political parties have secured a bleak future for our youth.

      cliffarc - 2011-11-16 08:40

      - Pity that the delivery of services and benefits to taxpayers is totally absent in this rating. It's one thing collecting, but it's delivery of benefits that really matters.

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