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.

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