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Business Reforms in South Africa

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2017

Starting a Business: South Africa made starting a business easier by introducing an online portal to search for a company name.

Registering Property: South Africa made it more expensive to transfer property by increasing the property transfer tax.

Paying Taxes: South Africa made paying taxes more costly by increasing the rates of vehicle tax and property tax. At the same time the rate of social security contributions paid by employers was reduced. South Africa made paying taxes more complicated by increasing the time it takes to prepare VAT returns.

DB2015

Getting Credit: South Africa made access to credit information more difficult by introducing regulations requiring credit bureaus to remove negative credit information from their databases, such as adverse information on consumer behavior or enforcement action accumulated on a consumer’s record before April 1, 2014.

Enforcing Contracts: South Africa made enforcing contracts easier by amending the monetary jurisdiction of its lower courts and introducing voluntary mediation.

DB2014

Paying Taxes: South Africa made paying taxes easier for companies by replacing the secondary tax on companies with a dividend tax borne by shareholders.

DB2013

Trading across Borders: South Africa reduced the time and documents required to export and import through its ongoing customs modernization program.

DB2012

Starting a Business: South Africa made starting a business easier by implementing its new company law, which simplified the incorporation documents.

Registering Property: South Africa made transferring property less costly and more efficient by reducing the transfer duty and introducing electronic filing.

Resolving Insolvency: South Africa introduced a new reorganization process to facilitate the rehabilitation of financially distressed companies.

DB2010

Paying Taxes: South Africa made paying taxes less costly for companies by abolishing the stamp duty.

DB2009

Starting a Business: South Africa reduced the time and cost to start a business by simplifying the start-up process, including by eliminating the need to use a lawyer.

Paying Taxes: South Africa made paying taxes easier and less costly for companies by abolishing the regional establishment levy and regional services levy.

DB2008

Getting Credit: South Africa improved its credit information system by introducing a requirement that lenders check the overall debt of customers before granting them a loan and by guaranteeing borrowers the right to access and challenge their credit records.

Paying Taxes: South Africa made paying taxes less costly for companies by abolishing the stamp duty.