NCUBE HITS TAX DEFAULTERS HARD

Taxable entities that delay their tax remittances face stiffer penalties after Finance and Economic Development Minister Mthuli Ncube hiked interest on outstanding debts by 400 percent. Interest on outstanding debts has been 5 percent, but has now gone up to 25 percent.  Presenting the 2019 Mid-Year Fiscal Policy Review Statement and $10,85 billion Supplementary Budget on Thursday, Prof