South Africa considers tax reforms to raise revenue, says official
12 June 2015 |
1:20 pm
South Africa's is considering a number of tax reforms to boost government’s revenue, Finance Minister Nhlanhla Nene said on Friday. Nene, who did not give details, told a conference on monetary policy and tax reform in Johannesburg that the government could no longer take it for granted that tax system would remain appropriate for the…
South Africa’s is considering a number of tax reforms to boost government’s revenue, Finance Minister Nhlanhla Nene said on Friday.
Nene, who did not give details, told a conference on monetary policy and tax reform in Johannesburg that the government could no longer take it for granted that tax system would remain appropriate for the future.
“We face pressures to introduce reforms when we consider fiscal pressures, growth inequality and tax avoidance,” Nene said.
Related
Latest
1 hour ago
A 31-year-old Chinese tourist died after falling into an acidic crater lake in Indonesia’s East Java province, local media reported. The tourist was taking a selfie with her husband when she slipped and fell into the 75-metre-deep Ijen Crater in Banyuwangi district , Kompas.com reported on Tuesday. The couple’s tour guide said the woman had…
1 hour ago
The Nigerian government has said that every Nigerian borrower who goes for made-in-Nigeria product would get better terms on their credit facility. This was revealed by President Bola Tinubu's spokesperson Ajuri Ngelale during in an interview on TVC. "The president has put in a stipulation that we are going to be giving through the Consumer…
1 hour ago
The Federal High Court in Abuja has rejected the request made by a former governor of Kogi State, Yahaya Bello, that his order of arrest should be discharged. The court rejected the request on Tuesday after Bello who was absent at his arraignment said he is ready to make an appearance but he is afraid…
1 hour ago
Former Governor of Kogi, Alhaji Yahaya Bello, on Tuesday, prayed a Federal High Court, Abuja to vacate the arrest warrant order issued to the Economic and Financial Crimes Commission (EFCC) against him on April 17. Bello, through his lawyer Adeola Adedipe, SAN, made the application following an order by Justice Emeka Nwite, directing the EFCC…
1 hour ago
At least 16 people are dead and 28 missing in a new migrant boat disaster off the coast of the Horn of Africa nation of Djibouti, the UN's International Organization for Migration said on Tuesday. The accident occurred about two weeks after another boat carrying mainly Ethiopian migrants sank off the Djibouti coast, claiming several…
1 hour ago
The management of Eko Electricity Distribution Company (EKEDC) on Tuesday apologised to its customers in some parts of Lagos and Ogun states over the recent power disruption. Mr Babatunde Lasaki, General Manager, Corporate Communications, EKEDC, made the appeal in a statement in Lagos. Lasaki said the problem was caused by a fault on Badagry Express…
1 hour ago
A Taiwanese father and son were each sentenced to eight years in prison for collecting confidential military information and trying to develop a spying "organisation" for China, a court said on Tuesday. Beijing claims self-ruled Taiwan as its territory and has ramped up military and political pressure on the island in recent years. The two…
1 hour ago
Dangote Petroleum Refinery has announced another significant reduction in the prices of diesel and aviation fuel to ₦940 and ₦980 per litre, respectively. This follows an earlier reduction to ₦1,000 per litre. The new pricing is designed to help mitigate the effects of economic hardship in Nigeria and comes just a week after the company,…
2 hours ago
A Dana Air aircraft with registration number 5N BKI, flying from Abuja to Lagos on Tuesday morning, veered off the runway during landing operations at the Murtala Mohammed airport in Lagos. A statement signed by Mr. Kingsley Ezenwa, Head of Corporate Communications of the airline, said all the 83 passengers and crew members onboard were…
2 hours ago
An aircraft operated by Dana Air with registration number 5NBKI with about 83 passengers on board crashlanded at the Muritala Mohammed International Airport, Lagos in the early hours of today. The airline on its official X handle said all passengers on board disembarked unhurt without injuries or scare as the crew handled the situation with…
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.