SA’s Tax Paying Ranking Improves

SA’s Tax Paying Ranking Improves

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PWC’s ‘Paying Taxes 2014’ report found that 32 economies continued to take steps during the period from June 2012 through to June 2013 to make it easier to pay taxes.

The study of tax regimes in 189 economies found that for the third consecutive year the most common tax reform was the introduction or improvement of online filing and payment systems for tax compliance.

Overall, South Africa’s worldwide paying tax ranking improved from 32nd position to 24th position, placing it in the same position as 2011.

“According to the study, South Africa’s improved ranking is largely due to the success of e-filing and the way in which returns are filed, as well as a reduction in the total tax rate,” says Kyle Mandy, PwC Tax Technical Partner.

On average businesses in South Africa only have to make seven tax payments, whereas in Africa the average is 36.

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