South Africans will have more money in their pockets not only through an adjustment of the personal tax brackets in line with inflation, but also, as a result of no increases in the fuel levy.
There is cautious optimism that South Africa’s fiscal picture is improving after Finance Minister Enoch Godongwana delivered his maiden Budget Speech.
Director at specialist tax advisors AJM, Dr Albertus Marais, cautions that significant structural threats and a dwindling corporate tax base remain key risks.
Jenny Gordon, Head: Technical Advice, Investments, Product and Enablement at Alexander Forbes summarises tax proposals from the 2022 Budget Speech.
10 Key Highlights from the 2022 Budget Speech.
There’s been a record-breaking number of South Africans looking to emigrate or move their businesses abroad in the past few years – and Cyprus is increasingly emerging as a favoured destination.
Minister Tito Mboweni walked the tightrope in delivering his Budget Speech 26 February 2020.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za
