- Title
- Negotiations Bulletin - The story of our taxes
- Creator
- COSATU
- Subject
- COSATU
- Date
- April 1996
- Type
- text
- Identifier
- http://hdl.handle.net/10962/137556
- Identifier
- vital:37537
- Description
- IN SOUTH AFRICA two kinds of taxes are imposed by the tax authorities, namely direct and indirect taxes. Direct taxes are those that are levied directly on the income and wealth of companies and individuals. Examples of direct taxes are personal income taxes paid by salaried employees and taxation paid on company profits. Indirect taxes are those taxes levied not directly on income earned, but on certain transactions. Examples of indirect taxes are value added taxation, customs and excise duties and transfer duties. The power to levy taxation rests with the central government. It is thus government’s responsibility to ensure that a taxation structure and balance is achieved that would not only meet its budget requirements but also be fair and acceptable to its constituents.
- Format
- 12 pages, pdf
- Publisher
- Congress of South African Trade Unions (COSATU)
- Language
- English
- Rights
- Congress of South African Trade Unions (COSATU)
- Rights
- No part of this publication may be reproduced or transmitted in any form or by any means without prior permission from the publisher
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Thumbnail | File | Description | Size | Format | |||
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View Details | SOURCE1 | The story of our taxes.pdf | 2 MB | Adobe Acrobat PDF | View Details |