WEALTHY TAXPAYERS SET TO COUGH UP R40bn

Once again, it will be wealthier taxpayers who will have dig deep into their pockets for the additional R40 billion in tax revenue that government wants to collect over the next four years to make its books look better.

And in South Africa, you could find yourself helping to foot the state’s bill if you pay municipal property taxes, sell assets that require capital gains tax to be paid, purchase a property and pay transfer costs and earn dividends that are taxable or receive an inheritance, say tax experts.

During a parliamentary.