The government cannot function without tax revenue. The state requires rands to fund social and economic programs, as well as public goods and services like schools, universities, hospitals, clinics, and roads, as well as defense and security.
In South Africa, where does tax go?
The largest expenditure items in functional terms were general public services (R365 billion or 26% of total spending), education (R266 billion or 19%), social protection (R183 billion or 13%), and health (R157 billion or 11%).
What are the three reasons we pay taxes?
the concept of taxation and explains how paying taxes helps the government provide better goods and services such as education, housing, and roads. Governments provide public services to the public, such as police services and roads. Civil servants are also paid by the government.
Where does the money from taxpayers go?
The rest consists of investing in education, basic infrastructure such as roads, bridges, and airports, maintaining natural resources, farms, and the environment, investing in scientific and medical research, enforcing the nation’s laws to promote justice, and other basic federal government duties.
What happens if we fail to pay our taxes?
If you do not pay the amount shown on your return as tax owed, we calculate the Failure to Pay Penalty as follows: The Failure to Pay Penalty is 0.5% of the unpaid taxes for each month or portion of a month that the tax is not paid. The penalty will not be more than 25% of your unpaid taxes
