Media Development News

New tax proposed to improve broadcasting in South Africa

Posted on: 06/11/2009 Country: South Africa

South Africa is proposing a new 1 percent tax to boost its national broadcaster the South African Broadcasting Corporation, according to Reuters Africa.

The new tax could double earnings, which were ZAR 822 million (US$109 million) in 2007 to 2008, all from license revenues.

Critics maintain that the new bill would cause a burden on taxpayers, who already faced a 45 percent increase in electricity costs this year.

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Comments

Submitted on: 03/02/2010 — manishaghimire

Reuters Africa has definitely made a good study for the tax proposal.That's really good to hear the proposal of 1 % tax to boost the national broadcaster. Definitely this new tax could double the earnings.The tax payer facing 45% increase in electricity cost will have a burden .
Regards,
Manisha Ghimire
Tax Attorney from Nepal.

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