Tag: Net Profit After Tax (NPAT)
Taxi industry and the complexity of tax compliance
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.
B-BBEE & Ownership – who has captured & corrupted it from...
At its origin, Broad Based Black Economic Empowerment (BBBEE) was intended to fulfil several critical objectives linked to transformation in the workplace, stemming from the immensely negative impact that Apartheid had wreaked on Black Civil Society in South Africa.
We need more time Minister Patel!
The DTI has failed business in exchange for being BBBEE politically correct! The Department of Trade and Industry have shown an astonishing naivete at best and total disregard at worst for business sustainability, in not extending current BBBEE certificates for at least a year, because of COVID-19.
The disabled – the case for incubating entrepreneurs
What would a Framework for including people with disabilities into your supply chain look like in-terms of the latest BBBEE Codes of Good Practice published on the 31st of May 2019?
