OPINION | The SA taxi industry is worth billions. Why is it paying so little tax?
The South African taxi industry, a cornerstone of the nation's transport landscape, has long been under scrutiny for its apparent underpayment of taxes. However, a closer examination reveals a more complex reality. In 2021, the industry paid only R5 million in annual Corporate Income Tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90 billion. Yet it is crucial to understand the intricacies that lead to this apparent disparity.