publication . Article . Preprint . Research . 2006

Recent Findings on Tax-Related Regulatory Burden on SMMEs in South Africa. Literature Review and Policy Options

Chamberlain, Doubell; Smith, Anja;
Open Access
  • Published: 01 Mar 2006 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
  • Country: South Africa
Abstract
Regulatory compliance costs impose a deadweight burden on firms and therefore should be minimised. In achieving this goal, it is necessary to embrace a process of smart regulation, rather than focus on deregulation. Tax compliance cost is one type of regulatory costs that is often viewed to have a large negative impact on SMMEs. To gauge the impact of this cost on small business in South Africa, this document reviews three available studies on the impact of tax compliance costs on South African SMMEs. The three studies reviewed are: • Counting the Cost of Red Tape for Business in South Africa by SBP (2005); • Measurement of Value Added Tax Act and Regional Servi...
Subjects
free text keywords: SMMEs, Regulatory compliance costs, tax compliance costs [South Africa], Legislation, Business, Deregulation, Small business, business.industry, Compliance cost, Value-added tax, Public economics, Tax reform, Government, Revenue, jel:A1
Related Organizations

Barker, R. 2005. Budget 2005 and SMEs. 20 May. Available at: http://www.beehive.govt.nz/Print/PrintDocument.aspx?DocumentID=23256 (Accessed on 1 September 2005).

Berry, A. B., Von Blottnitz, M., Cassim, A., Rajaratnam, B. & Van Seventer, D.E. 2002. The Economics of SMMEs in South Africa. December. Trade and Industrial Policy Strategies (TIPS).

Bird, R.M. & Zolt, E.M. 2003. Introduction to Tax Policy Design and Development. Draft prepared for a course on Practical Issues of Tax Policy in Developing Countries, World Bank, April 28-May 1, 2003. World Bank: Washington D.C.

Dagut, S. 2005. Personal Communication. Research manager, SBP, Johannesburg. 26 August 2005.

Sandford, C., Godwin, M. & Hardwick, P. 1989. Administrative and Compliance Costs of Taxation. Fiscal Publications: Perrymead.

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