
Publication
The European Commission’s Net-Zero Industry Act and European Hydrogen Bank explained
The European Commission published proposals for its Net-Zero Industry Act (NZIA) on 16th March 2023.
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Global | Publication | February 2018
In the Medium-Term Budget presentation in October 2017, finance minister Malusi Gigaba said that the deficit in the 2018/19 budget is expected to be R69.3 billion. Add to this increased tax of R15 billion that are reportedly required to fund “fee-free” higher education, and the targeted tax increases in the 2018/19 budget, and the deficit sits around the R80 billion mark - a staggering number.
It is likely that tax increases are in store which will be announced in the upcoming budget. A tactic of Treasury’s in recent years has been to introduce a raft of new taxes, which often passes by unnoticed by those footing the bill. It is interesting to sit back and reflect on the individual impact of the vast array of taxes and levies that are currently applicable, and those that will soon be applicable in South Africa.
It is evident that the South African tax base is subject to a wide variety of taxes already, which when looked at as a whole, place the tax base under significant pressure. On the eve of this year’s budget speech, all stakeholders await the inevitable tax increases and possible new tax announcements with much trepidation.
Publication
The European Commission published proposals for its Net-Zero Industry Act (NZIA) on 16th March 2023.
Publication
In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions.
Publication
The Financial Services and Markets Bill (FSM Bill), which was laid in front of Parliament in July 2022 and is expected to be finalised in the coming months, includes the introduction of a new designated activities regime (DAR).
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