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It's compulsory for a business to register VAT remission when the value of taxable supplies in a 12-month period exceeds or is expected to exceed R1 million. VAT in South Africa currently stands at 15% as of 1 April 2018. [26] Value Added Tax (VAT) was first introduced in South Africa on 29 September 1991 at a rate of 10%. In 1993 VAT was ...
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As of 2021, Costa Rica has the highest Gini coefficient among OECD countries at 0.479, while the Slovak Republic has the lowest at 0.236. [14] Globally, South Africa has the highest Gini coefficient at 0.63, [15] attributed to various factors such as historical apartheid, high unemployment, underdeveloped education, and significant population ...
The CCLW organized the successful campaign for the passage of a Miami-Dade County living wage ordinance in 1999, the first of its kind in the South. [86] The ordinance requires Miami-Dade County and its contractors to pay all employees a living wage pegged to inflation: $12.63/hr with benefits, or $15 without (as of 2018). [87]
The first census in South Africa in 1911 showed that whites made up 22% of the population. This declined to 16% in 1980, [32] 8.9% in 2011 and 7.65% in 2022. [33]: 21 Coloured South Africans replaced Whites as the largest minority group around 2010. Maps of ethnoracial groups of South Africa
After the Bretton Woods Conference in 1944, GDP became the main tool for measuring a country's economy. [15] At that time gross national product (GNP) was the preferred estimate, which differed from GDP in that it measured production by a country's citizens at home and abroad rather than its "resident institutional units" (see OECD definition ...
A quarter of South Africans live on less than US$1.25 a day. [119] South Africa's mass unemployment dates back to the 1970s, and continued to rise throughout the 1980s and 1990s. [120] Unemployment has increased substantially since the African National Congress came to power in 1994, increasing from 15.6% in 1995 to 30.3% in 2001. [121]
A May 2021 Ipsos poll showed that 71% of South Africans supported some form of legal recognition for same-sex couples (59% of South Africans supported same-sex marriage, 12% supported civil partnerships but not marriage) while 15% were opposed to all legal recognition for same-sex couples, and 14% were undecided.