The National Treasury's plan to fund COVID-19 stimulus packages
The National Treasury's plan to fund COVID-19 stimulus
The National Treasury's plan to fund COVID-19 stimulus packages
How is National Treasury going to fund the COVID-19 stimulus packages?
Thoughts following the Supplementary Budget The Finance Minister painted a bleak picture of the state of South Africa’s finances in his Supplementary Budget. In our Family Office & Private Enterprise client alert dated 23 June 2020, we shared some thoughts as to measures that the Minister may consider to ‘fill’ the state’s burgeoning tax deficit. The Minister outlined the following measures which the South African Revenue Service (SARS) will take into account in terms of future legislative updates and are aimed at specifically improving tax collections, in order to ease the deficit and to stabilize the public debt.
Download the full article below
© 2023 KPMG Services Proprietary Limited, a South African company with registration number 1999/012876/07 and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
This content may contain information specific to member firms of the KPMG global organization in the following countries: Mozambique, Zambia, Namibia, Botswana, Zimbabwe, and Mauritius.
For more detail about the structure of the KPMG global organization please visit https://kpmg.com/governance.