The provision of Section 15(1)(a) and (b) of the Customs and Excise Act, 1964, respectively provides that any person entering or leaving the Republic must declare all goods (including goods of another person) upon his person or in his possession on entering the Republic or before leaving the Republic. Goods according to Customs and Excise Act includes currency.
Noting the request from parliament, Section ...
a) The VAT register has 951 716 Active VAT Vendors as at 16 February 2024. VAT vendors include Companies, Individuals, Trusts and other entities such as welfare organisations, municipalities etc. The below information therefore pertains to all VAT vendors.
b) 448 117 VAT refunds have been paid between 1 April 2023 and 16 February 2024. Of the 448 117 VAT Refunds paid, 336 608 (75.71%) ...
The Pension Redress Programme was an initiative negotiated and agreed to by parties to the Public Service Coordinating Bargaining Council (PSCBC) through Resolution 7 of 1998. The programme aimed to address discriminatory practices by recognising non-contributory service as pensionable service for employees affected by past discrimination. The programme's implementation period started on 29 November 2002 and concluded on 31 July 2012, following PSCBC Resolution ...
1. The funding allocated to SAA was utilised to settle the obligations that arose from the business rescue processes. The settlement of the business rescue obligations is expected to be settled over several years.
2. One of the conditions attached to the funding provided to SAA was that government guarantees available to the airline would be reduced by the equivalent quantum. At present SAA ...
|
(i) Minister of Finance |
(ii) National Treasury |
(iii) National Treasury Officials |
|
|
(a) Sponsorships |
None |
None |
None |
|
(b) Donations |
|||
|
(c) Financial transfers |
|||
|
(aa) Qatari |
None |
None |
None |
|
(bb) Iranian |
|||
|
(cc) Russian organ of state, organisation and/or resident |
a) As the Honourable member would be aware, the Minister of Finance does not have sight of transactions that are facilitated by banks on behalf of their clients. The role of the Minister of Finance, with regard to the operation of banks, is limited to formulating financial regulatory policy.
b) Please refer to (a) above.
c) Government has provided the reasons for South Africa ...
a) The high-level analysis of municipal debt for each government department as per MFMA S71 report for the financial period ending 31 December 2023 shows a total outstanding debt of R22 065 billion.
b) An additional breakdown of the total outstanding debt can be summarised as follows:
Total National Departments R8 015 billion
Total Provincial Departments R9 756 billion
Other entities and institutions R4 294 billion
Further ...
Without getting into taxpayer confidential information as prescribed in Chapter 6 of the tax administration act, in a scenario where a taxpayer passes on, a family member or Executor of the deceased estate would normally inform relevant parties including SARS of the death of the taxpayer so that the matter may be coded accordingly as deceased. This includes publishing the death notice on the ...
Section 27(3) of the Public Finance Management Act (PFMA) states that an annual budget must be in accordance with a format prescribed by the National Treasury. The Medium-Term Expenditure Framework (MTEF) Technical Guidelines 2024 for provinces were issued in June 2023 to make such prescriptions, provide government departments, as well as provincial public entities, with guidance on how to prepare their medium-term estimates for ...
1. NATIONAL TREASURY
The department has developed an audit action plan to address audit findings and improve on the quality of reporting on both the financial statements and performance information. The audit action plan will be presented quarterly to the NT Audit Steering Committee, where the responsible officials identified as per the action plan will be invited to provide progress updates on the proposed ...