Podcast
Questions and Answers
When does the legislative process of tax laws in South Africa start?
When does the legislative process of tax laws in South Africa start?
- With the issuing of a White Paper
- With the Draft Money Bill
- With the issuing of a Green Paper (correct)
- With the Act of Parliament
Which governmental department in South Africa is responsible for dealing with tax laws?
Which governmental department in South Africa is responsible for dealing with tax laws?
- Department of Finance
- Department of Justice
- National Treasury (correct)
- Department of Revenue
What is the purpose of a White Paper in the legislative process of tax laws?
What is the purpose of a White Paper in the legislative process of tax laws?
- Setting out general views for public discussion (correct)
- Issuing final regulations
- Passing through parliament
- Introducing the Act of Parliament
Which two countries heavily influenced the tax practices inherited by South Africa?
Which two countries heavily influenced the tax practices inherited by South Africa?
In which century was income tax first levied in South Africa?
In which century was income tax first levied in South Africa?
Which tax type is levied on a person according to the text?
Which tax type is levied on a person according to the text?
What is the last step before a tax Act becomes binding in South Africa?
What is the last step before a tax Act becomes binding in South Africa?
What is the tax base for VAT according to the text?
What is the tax base for VAT according to the text?
Under which tax legislation is Estate Duty categorized?
Under which tax legislation is Estate Duty categorized?
What tax type is levied on a transaction according to the text?
What tax type is levied on a transaction according to the text?
Which tax category does Withholding Tax fall under according to the text?
Which tax category does Withholding Tax fall under according to the text?
What is the tax base for Unemployment Insurance Contributions based on the text?
What is the tax base for Unemployment Insurance Contributions based on the text?
