ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
ey-global-tax-policy-outlook-for-2015
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
South Africa<br />
2.3 Tax <strong>policy</strong> <strong>outlook</strong> <strong>for</strong> <strong>2015</strong> — summary<br />
Corporate income <strong>tax</strong> burden<br />
Lower No change Higher<br />
Personal income <strong>tax</strong> burden<br />
VAT/GST/sales <strong>tax</strong> burden<br />
X<br />
Lower No change Higher<br />
Lower No change Higher<br />
X<br />
X<br />
2.4 Tax <strong>policy</strong> <strong>outlook</strong> <strong>for</strong> <strong>2015</strong> — detail<br />
Corporate income <strong>tax</strong>es<br />
• Broadening the <strong>tax</strong> base through increased en<strong>for</strong>cement and<br />
reportable arrangements<br />
• See also section 2.10 below<br />
Taxes on wages and employment<br />
• The maximum marginal <strong>tax</strong> rate is likely to increase or there<br />
<br />
VAT, GST and sales <strong>tax</strong>es<br />
• Somewhat likely to change ; however, given the regressive<br />
nature of the VAT system, the changes are politically<br />
sensitive.<br />
2.5 Fiscal stimulus in <strong>2015</strong><br />
<br />
<br />
<br />
<br />
<br />
2.6 Political landscape<br />
• The political environment in South Africa is stable, with<br />
one party, the African National Congress (ANC), relatively<br />
dominating the landscape. In the 2014 elections, a<br />
<br />
<br />
<br />
2.7 Current <strong>tax</strong> <strong>policy</strong> and <strong>tax</strong> administration<br />
leaders<br />
• <br />
• Thomas Swabihi Moyane, Commissioner, South African<br />
Revenue Service<br />
164 | The <strong>outlook</strong> <strong>for</strong> <strong>global</strong> <strong>tax</strong> <strong>policy</strong> in <strong>2015</strong>
Change language