The National Treasury's plan to fund COVID-19 stimulus packages
How is National Treasury going to fund the COVID-19 stimulus packages?
Thoughts following the Supplementary Budget The Finance Minister painted a bleak picture of the state of South Africa’s finances in his Supplementary Budget. In our Family Office & Private Enterprise client alert dated 23 June 2020, we shared some thoughts as to measures that the Minister may consider to ‘fill’ the state’s burgeoning tax deficit. The Minister outlined the following measures which the South African Revenue Service (SARS) will take into account in terms of future legislative updates and are aimed at specifically improving tax collections, in order to ease the deficit and to stabilize the public debt.
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