The OECD has announced the publication of the latest Economic Survey of South Africa on 25 August 2022. Among other things, the survey says that South Africa's tax system could be improved by reducing allowances and deductions in personal income tax that tend to benefit high earners and by adapting wealth transfer taxes and estate duties to limit the transmission of wealth inequality. Further, it is noted that there is room to raise the relatively low VAT rate once inflation has abated.
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