COVID Recovery Plan: ‘New taxes’ for SA may be announced this week

COVID Recovery Plan: ‘New taxes’ for SA may be announced this week

An advisory panel appointed by Cyril Ramaphosa has urged the president to find a way to generate more money for the Treasury, after the onset of coronavirus ravaged the state coffers in 2020. The head of state is set to reveal the terms of a COVID Recovery Plan for the economy this week – but this may see the introduction of some ‘ new taxes ‘. South Africa facing a tumultuous time

What is more, already existing levies could also get a hike. The taxpayer is likely to be targeted at a time where disposable income is already at […]

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