The South African Revenue Service has moved the tax season one month earlier. The Airlines Association of Southern Africa said that its members are not deliberately increasing ticket prices. A division of African Bank Ltd still owes billions to creditors. President Cyril Ramaphosa has confirmed that a robbery occurred on his Limpopo farm and denies wrongdoing.
South Africa’s annual tax filing season will reportedly start earlier than expected. According to a spokesperson for the South African Revenue Service , the filing date has been brought forward and now begins on 1 July. Taxpayers who submit their tax returns manually or at a branch office have until 24 October to do so. An official announcement on tax dates is expected today.
[Residual Debt Services , the ‘bad bank’ that emerged from the split of African Bank Limited when it went into curatorship in 2014, has paid back R4.35 billion to creditors. Despite this, creditors lower in priority will have to wait longer to see their money as there is still R9.56 billion owed. [The Presidency has confirmed that a robbery occurred on Cyril Ramaphosa’s Limpopo farm in February 2020 and denied wrongdoing on his part.
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