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Changes in the development finance world – especially the sharp drop in foreign aid and fewer cheap loans for low-income countries – have pushed taxation back into the spotlight. Africa has entered a new “tax era of development”. As external funding dries up, many African countries are now relying more on their own ability to […]
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Colin Timmis, General Country Manager and professional accountant, Xero South Africa The South African Revenue Service (SARS) 2020 revenue outcome highlighted the severe economic impact of COVID‐19 on a struggling economy. As a result, expectations of tax base growth have deteriorated since the 2020 Budget Effective tax collection and expanding the tax-payer base are key […]
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