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'Government is going to hike personal income tax. There’s no doubt'

19 September 2019 9:56 AM
Tags:
The Money Show
Bruce Whitfield
Mike Schussler
Tax
Personal tax
VAT
Personal finance
Value added tax
Chief Economist
income tax
personal finances
economist
Economists.Co.Za
Personal taxes
vat receipts
company tax
company taxes
SA’s personal income tax burden is among the world’s 10 heaviest. It’s about to get even worse, warns economist Mike Schüssler.

The income Government derives from Value Added Tax (VAT) is falling for the first time since the recession of 2009.

This fall in VAT receipts comes despite last year’s VAT increase from 14% to 15%.

Company taxes are also decreasing…

Mike Schüssler, Chief Economist - Economists.Co.Za

Only receipts from fuel taxes and personal income taxes are growing.

We are definitely in the top 10 regarding the burden of personal taxes. There’s no doubt in my mind that it’s going to increase even more…

Mike Schüssler, Chief Economist - Economists.Co.Za

The Money Show’s Bruce Whitfield interviewed Mike Schussler, Chief Economist at Economists.Co.Za.

Listen to the interview in the audio below.

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This article first appeared on 702 : 'Government is going to hike personal income tax. There’s no doubt'


19 September 2019 9:56 AM
Tags:
The Money Show
Bruce Whitfield
Mike Schussler
Tax
Personal tax
VAT
Personal finance
Value added tax
Chief Economist
income tax
personal finances
economist
Economists.Co.Za
Personal taxes
vat receipts
company tax
company taxes

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