Theoretical and Applied Economics
No. 3 / 2019 (620), Autumn
An evaluation of the turnover tax system in South Africa
North-West University, South Africa
Danelle LABUSCHAGNE
North-West University, South Africa
Maria-Andrada GEORGESCU
National University of Political Studies and Public Administration, Bucharest, Romania
Cornelia POP
Babes-Bolyai University, Cluj Napoca, Romania
Abstract. As part of the South African government’s strategy for accelerated growth, the DTI and the National Treasury introduced various support initiatives for the SMME sector. One of these initiatives was in the form of tax relief for qualifying SMMEs. The government of South Africa introduced the turnover tax system to assist SMMEs in reducing their tax compliance costs and administrative burden, anticipating that this will free up SMMEs to grow and further the economy. This study aimed to determine whether the turnover tax relief system is utilised by the SMMEs as anticipated by the South African government. An inductive, exploratory and qualitative research method was used in this study where questionnaires were provided to SMME business owners as an introduction into their perceptions and knowledge of the turnover tax system, followed by interviews to obtain additional qualitative information. The results provide valuable insight about the perceptions of SMME owners regarding the turnover tax system in South Africa.
Contents
The main factors of economic growth in the European Union
Currency risk management model
Assessing the performance of Pillar II in Romania – time weighted versus money weighted rate of return
Does democracy increase total tax revenues? The case of selected OECD countries
An evaluation of the turnover tax system in South Africa
Sensitivity of bankruptcy prediction models to the change in econometric methods
Risk management associated with the interbank relationships
Challenging the status quo: Steel producer case study on the enterprise value for M&A
Innovation as imperative for increasing productivity and economic growth: The case of the selected EU member countries and non-EU member countries
International Financial Markets face to face with Artificial Intelligence and Digital Era
Determinants of domestic saving rate in Turkey: A new generation econometric analysis
A behavioral model of failure in business
The effect of oil prices on foreign trade deficit in the economics of Bulgaria
Relationship between mortality and financial crisis. The case of Greece
Profit management in the case of financial distress and global volatile market behaviour: Evidence from Borsa Istanbul Stock Exchange
Insurance consumption in the Maghreb countries (Algeria, Morocco and Tunisia): Financial and institutional determinants
Non-linear finance-growth nexus for African countries: A panel smooth transition regression approach