Taxation Training: Day 1

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Finance Standing Committee

14 February 2011
Chairperson: Dr Z Luyenge (ANC)
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Meeting Summary

The meeting was a culmination of a request by the Committee the previous year for the South African Revenue Service (SARS) to hold a workshop on Taxation. SARS was represented by Mr Franz Tomasek (the Group Executive) who presented on the topic: Generic Tax Principle and Key revenue sources: A brief history of Income Tax and VAT and also to the topic Determining income tax: The reduction formula. Mr Nathi Nxele (Senior Manager: Legal and Policy) presented on the topic: Taxation of Individuals. A request was made that a presentation on the topic Overview of taxation of Members to Parliament be made on the following day when members of the NCOP joined the workshop.

Refer to recording for full discussion.

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