SA National Treasury projects the largest shortfall in 2020/21

In the 2021 budget speech delivered by South Africa’s Minister of Finance Tito Mboweni, it was announced that the revenue services are projected to collect about eighty-billion US Dollars in taxes during 2020/21, which is about fourteen-billion US Dollars less than estimates contained in the 2020 Budget. This is officially the largest tax shortfall on record. To further discuss this, Samora Mangesi spoke to Louis Botha, Senior Associate at Tax & Exchange Control practice at commercial law firm Cliffe Dekker Hofmeyr...