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In the 2018/19 fiscal year SARS collected R1 287.7 billion (equivalent to US$86.4 billion)[5]in tax revenue, a figure R71.2 billion (or 5.8%) more than that from the previous fiscal year. In 2018/19 financial year, South Africa had a tax-to-GDP ratio of 26.2% that was only slightly more than the 25.9% in 2017/18.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The Harmonized Commodity Description and Coding System, also known as the Harmonized System ( HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs ...
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
note: widespread ongoing transmission of a respiratory illness caused by the novel coronavirus is occurring throughout South Africa; as of 6 June 2022, South Africa has reported a total of 3,968,205 cases of COVID-19 or 6,690.7 cumulative cases of COVID-19 per 100,000 population with a total of 101,317 cumulative deaths or a rate of 170.83 ...
The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [25] [26] [27] The economy is the most industrialised, technologically advanced, and diversified in Africa. [28] Following 1996, at the end of over twelve years of international sanctions, South Africa's ...
Goods and Services Tax [1] ( GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items [2]) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5% [3] ). GST is levied on most transactions in the ...
The South African National Census of 2022 is the 4th comprehensive census performed by Statistics South Africa (Stats SA). The census results were released on 10 October 2023 and recorded a total of 62 million people in the country.