Simnikiwe Hlatshaneni
Premium Journalist
5 minute read
3 Feb 2021
6:51 pm

Taxpayers could be hit with a Covid-19 vaccine tax

Simnikiwe Hlatshaneni

It may  be very tempting for government to introduce a vaccine tax, but tax experts have warned against this move.

Picture for illustration. Picture: Jack Guez/AFP

South Africa's overstretched taxpayers could be hit with yet another tax, if a prediction from one of the country's leading tax consultancy firms come true. Tax experts at auditing and tax firm Mazars said during a seminar on the possible outlook of the 2021 budget that government may introduce a Covid-19 vaccine tax, as options for boosting revenue collection dwindle with the ailing economy. They suggested the possibility that government could see this as one of the few options it had to tinker with revenue, in order to meets its budget requirements this year. According to Mazars national head of...