Budget Summary 2022
New Finance Minister, Enoch Godongwana, presented his first Budget Speech today setting out the country’s financial situation and changes for the year ahead. As the world slowly starts to recover and come back from the Covid 19 pandemic, he noted the need in striking a balance between saving lives and livelihoods, while supporting inclusive growth…. Read more »
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South Africa 2021 Budget Summary
It’s sometimes hard to believe that the Covid19 pandemic has been with us for over a year now, but here we are, and the 2021 Budget Speech is upon us once more. Like majority of governments around the world, footing the bill to cover the vast amount of expenses that have racked up due to… Read more »
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National Budget Speech Summary 2020
Finance Minister Tito Mboweni stepped up to the lectern with his Aloe Ferox plant in hand today, to deliver to the nation the annual Budget Speech, setting out the government’s plan for its finances for the year ahead. “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins… Read more »
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National Budget Speech Summary 2019
This week the Minister of Finance delivered the annual Budget speech for South Africa’s year ahead. In his speech, the Minister, Tito Mboweni placed emphasis on ridding the government of rot in order for new growth to take place – a clear indication that the ruling party are trying their best to clean up the… Read more »
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VAT & Property
Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »
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Transfer Duty, Withholding Tax & Capital Gains Tax (CGT) 2017
With the announcement of the annual budget towards the end of last month, Minister of Finance, Pravin Gordhan focused on key issues of reducing government spending and working towards radical economic change. While the main interest for most of us was the rise in Income Tax, for those looking to purchase or sell property it… Read more »
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The Politics of Tax
The art of taxation is in plucking the most feathers from the goose without the goose hissing – J B Colbert Over the past number of years taxpayers have been frustrated by how government collects revenue and by how it has introduced financial policies that are implemented by the revenue department. While no excuse can… Read more »
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Tax: 2015 & Beyond
Albert Einstein is accredited with stating that the hardest thing in the world to understand is the income tax.
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