Prof Evans, who is also an extraordinary professor at the University of Pretoria, said the domestic economy was heavily reliant on personal income tax and VAT, with corporate income tax coming in third.
The reliance was far greater than in developed countries that belonged to the Organisation for Economic Co-operation and Development (OECD).
In South Africa personal income tax represented 34% of total tax revenue, compared to 24% for OECD members.
Corporate income tax made up 23% of total tax revenue in South Africa and only 9% in the OECD, while 27% came from VAT in South Africa and 20% in the OECD.
via www.bdlive.co.za
This is the tax revenue split. I would have thought that corporate tax would have contributed the greatest percentage. One wonders why this government makes it so hard to employ people if they are going to contribute the greatest amount to the fisc.
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