OPINION | The SA taxi industry is worth billions. Why is it paying so little tax?
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GUEST - Mbavhalelo Mabogo is CEO and Founder, Quickloc8
The South African taxi industry, a cornerstone of the nation's transport landscape, has long been under scrutiny for its apparent underpayment of taxes. However, a closer examination reveals a more complex reality. In 2021, the industry paid only R5 million in annual Corporate Income Tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90 billion. Yet it is crucial to understand the intricacies that lead to this apparent disparity.
The South African taxi industry, a cornerstone of the nation's transport landscape, has long been under scrutiny for its apparent underpayment of taxes. However, a closer examination reveals a more complex reality. In 2021, the industry paid only R5 million in annual Corporate Income Tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90 billion. Yet it is crucial to understand the intricacies that lead to this apparent disparity.