The Tax Base in South Africa

Slides:

Advertisements

Similar presentations

Its Inevitable… TAXES! Grade 8 Social Studies Online.

Advertisements

CONGRESSIONAL BUDGET OFFICE Total Revenues and Outlays Percentage of GDP Revenues: Funds collected from the public that come from a variety of sources,

South Africa: National Budget 2011/2012 Kevin Lings Economist 23 February 2010.

Tax Update 2013 Ronald N King CFP® Head: Technical Support Services PSG Wealth.

 Pravin Gordhan quotes:  “We at SARS should try to be creative and to demonstrate goodwill. But out there, you will always have those who are being.

FISCAL REFORMS IN PAKISTAN * By Dr. Hafiz A. Pasha ** * Prepared for the Workshop on South Asia Tax Systems, 8-9 August 2010, Singapore. ** Dr. Pasha is.

Health care financing in South Africa: Key issues.

BUDGET 2002 Discussion of Tax Proposals TAX POLICY CHIEF DIRECTORATE NATIONAL TREASURY PORTFOLIO AND SELECT COMMITTEES ON FINANCE: CAPE TOWN, 26 FEBRUARY.

Types of Tax Most taxes fall into one of two groups Direct Taxes – tax on income or profits. Indirect Taxes – tax on spending. In the past these two groups.

 16 th Amendment: Was ratified in Before this amendment the federal government could not levy income tax.  Payroll Deduction: A system requiring.

Chapter 3 (Lecture 4). Personal taxation Company taxation Capital gains tax Other taxes Double taxation South African taxation.

Payroll withholding systemTax loophole Sin taxMedicare Property taxSurcharge Individual income taxProportional tax Investment tax creditRegressive tax.

Centre for Tax Policy and Administration Organisation for Economic Co-operation and Development OECD Consumption tax trends Maurice Nettley OECD Centre.

Chapter 3 (Lecture 3). Personal taxation Company taxation Capital gains tax Other taxes Double taxation South African taxation.

TAXATION TO RAISE REVENUE TO FINANCE GOVERNMENT. TYPES OF TAXES 1.INCOME TAX (PROGRESSIVE) 2.NATIONAL INSURANCE (NIC) – for the Job Seekers Allowance,

Chapter 3 (Lecture 3). Personal taxation Company taxation Capital gains tax Other taxes Double taxation South African taxation.

The Taxation Laws Amendment Bill, 2002 NATIONAL TREASURY Tax Policy Chief Directorate 4 June 2002.

TAX QUIZ. 1. TRUE OR FALSE A tax on money that people receive from their earnings. Is VAT.

Presented by COENRAAD BEZUIDENHOUT Executive Director: Economic Policy PARLIAMENT 21 June 2011.

Taxes There are three general types of taxes in the U.S. List them and identify which tax hurts low income taxpayers and which tax hurts high income taxpayers.

Made by the student of the 3 rd course, eng “B” group: Abdukhamedova Azizakhon.

2.2.4.G1 © Take Charge Today – August 2013 – Income and Expense Statement – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School.

1 T&H Benefits Healthcare Reform Perspectives

7 th Grade Civics Miss Smith *pgs  Income tax- tax on the earnings of individuals and businesses  The main source of revenue collected by.

Industrial Development Corporation February 2016 Basic and Speciality Chemicals SBU Chemical Products and Pharmaceuticals SBU.

TAX Guidelines By group. TAXES PAYABLE FEDERAL TAXES AND LEVIES The Indian tax year is a financial year from 1 April to 31 March. The amount of tax payable.

Projected Population and HIV/AIDS Update 18 May 2011 National Health Insurance Policy Brief 18.

Estimating Delivery Efficiency 8 March 2010 National Health Insurance Policy Brief 10.

Two countries with best taxation systems Klaudia Mierzejewska Klaudyna Dzieniowska.

Medical Scheme Myths 5 January 2012 National Health Insurance Policy Brief 21.

CDL Disease Prevalence: Diagnosis and Treated 8 June 2009 Additional material supplied with IMSA NHI Policy Brief 3 National Health Insurance Policy Brief.

Scotland’s new financial powers: the opportunities and risks Caroline Gardner Auditor General for Scotland.

Projected Non-Communicable Diseases Update 20 June 2011 National Health Insurance Policy Brief 19.

Centre for Tax Policy and Administration Organisation for Economic Co-operation and Development INTERNATIONAL TAX TRENDS: An OECD Perspective Jeffrey Owens.

Impact of Healthcare Reform on Members 12 July 2010 National Health Insurance Policy Brief 12.

The Role of Private Health Insurance 7 December 2009 National Health Insurance Policy Brief 7.

LIMS Reforms and Equitable Subsidies 20 January 2010 National Health Insurance Policy Brief 17.

Costing and Long-term Modelling of NHI September 2009 National Health Insurance Policy Brief 6.

Universal Coverage and Equitable Subsidies 18 January 2011 National Health Insurance Policy Brief 16.

USE OF ADMINISTRATIVE DATA

Individual Income Tax – Key Concepts

The Impact of HIV on a Future NHI

Savings under NHI: Non-Healthcare Costs

The Tax Base in South Africa

NHI and Workplace Healthcare

Definition Purposes and effects Types Differences Conclusion

The Impact of Chronic Disease on a Future NHI

Affordability of Health Insurance

The Impact of Cancer on a Future NHI

Expanding Health Insurance Coverage

Revenue and Expenditures

7th Grade Civics Miss Smith *pgs

The Impact of Chronic Disease on a Future NHI

Costing and Long-term Modelling of NHI

The Impact of HIV on a Future NHI

Estimating Delivery Efficiency

Savings under NHI: Non-Healthcare Costs

The Impact of Cancer on a Future NHI

Item 11: Taxes and social contributions

Defining the Benefit Package

NHI and Workplace Healthcare

Expanding Health Insurance Coverage

Projected Non-Communicable Diseases Update

Affordability of Health Insurance

7th Grade Civics Miss Smith *pgs

It’s Inevitable… TAXES!

National Health Insurance Policy Brief 21

Reducing Fragmented Risk Pools

Item 11: Taxes and social contributions

Defining the Benefit Package

Presentation transcript:

The Tax Base in South Africa National Health Insurance Policy Brief 20 The Tax Base in South Africa 8 August 2011

Tax in South Africa 2009/10 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

History of Tax Revenues in SA Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

History of Tax Revenue Composition in SA Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Tax Categories in SA 2009/10 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Tax Categories and Instruments Taxes on income and profits Persons and individuals: Personal Income Tax (PIT) Companies: Corporate Income Tax (CIT) Capital gains tax (CGT) Secondary tax on companies (STC) Tax on retirement funds (TRF) Taxes on payroll and workforce Skills development levy: for the Department of Labour. Taxes on property Donations tax Estate duty Securities transfer tax (STT) Transfer duties. Source: National Treasury, South African Revenue Service. 2010 Tax Statistics

Tax Categories and Instruments Domestic taxes on goods and services Value-added tax (VAT) Turnover tax Excise duties Fuel levy International air passenger departure tax Plastic bags levy Electricity levy Incandescent light bulb levy. Taxes on international trade and transactions Customs duties Diamond export levy State miscellaneous revenue Source: National Treasury, South African Revenue Service. 2010 Tax Statistics

Number of Individual Taxpayers 2006-2009 Source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Distribution of Individual Taxpayers by Income Bands 2006-2009 Source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Personal Income Tax 2009 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Tax as Percent of Taxable Income, 2009 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

PIT Source of Income, 2008 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

PIT Fringe Benefits, 2008 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

PIT Tax Deductions, 2008 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Retirement and Medical Scheme Fringe Benefits and Deductions, 2008 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Retirement and Medical Scheme Fringe Benefits and Deductions, 2009 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Retirement and Medical Scheme Fringe Benefits and Deductions, 2009 Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Cost of Revenue Collection Data source: National Treasury, South African Revenue Service. 2010 Tax Statistics Source: IMSA NHI Policy Brief 20: The Tax Base in South Africa

Innovative Medicines South Africa (IMSA) is a pharmaceutical industry association promoting the value of medicine innovation in healthcare. IMSA and its member companies are working towards the development of a National Health Insurance system with universal coverage and sustainable access to innovative research-based healthcare. Contact details: Val Beaumont (Executive Director) Tel: +2711 880 4644 Fax: +2711 880 5987 Innovative Medicines SA (IMSA) Cell: 082 828 3256 PO Box 2008, Houghton, 2041. South Africa val@imsa.org.za www.imsa.org.za

Heather McLeod The New Zealand Centre for Evidence-based Research into Complementary and Alternative Medicine (ENZCAM), University of Canterbury, Christchurch, New Zealand. Extraordinary Professor, Department of Statistics and Actuarial Science, University of Stellenbosch hmcleod@integratedhealingmbs.com www.integratedhealingmbs.com