tax hikes

No major tax hikes expected in election year

Finance Minister Tito Mboweni is not expected to announce any major changes to corporate, personal income tax as well as value added tax (VAT) in his budget speech on February 20, according to Deloitte Africa tax & legal. Delia Ndlovu, Deloitte’s tax & legal managing director said instead they believe[…]

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Gordhan announces hard-hitting personal tax increases

Finance Minister Pravin Gordhan has announced hard-hitting increases in personal income tax of R16.5bn for 2017-18‚ as economic growth stutters and revenue collection falls short of expectations. These increases are part of a total R28bn package of tax hikes. Tax revenue has deteriorated by a further R7bn since the medium-term budget[…]

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