No decision to remove VAT on books: ANC

The ANC has contradicted a claim by the Democratic Alliance that Parliament could consider amending the budget to remove value added tax on books.

• Voters voice distaste for tax hikes
• Sars receives 2.2m tax returns
• Shisana: NHI tax deductions to start soon

Scrapping of VAT on books 'gains ground'

The Democratic Alliance says parliament will be able to force the Treasury to scrap value-added tax on books in a bid to boost SA education levels.

• Govt owes taxpayers R1.7bn
• The burden of VAT on business
• DA compiles 'emigration handbook'

Govt owes taxpayers R1.7bn

The South African Revenue Service owes taxpayers R1.7bn in VAT refunds that have run beyond the three-week deadline.

• Sars to close another tax loophole
• Sars: funds grab 'a last resort'
• Thousands of tax payers file returns early

Vendors and Sars must be on same page

ACTION BY THE South African Revenue Service (Sars) to deregister certain Value Added Tax vendors could cause significant inconvenience to those enterprises and - worse - a potentially substantial VAT liability without the funds to cover it. Businesses with turnovers that don't meet the new minimum threshold of R50 000/year may find themselves being summarily deregistered as VAT vendors by Sars.