Highlights of the 2022 Budget Speech

The 2022 Budget Speech was delivered by Finance Minister Enoch Godongwana on Wednesday, 23 February 2022. Herewith follows a summary of some of the highlights: Rebates will be adjusted in line with inflation. The change in the primary rebate increases the tax-free threshold from R87 300 (in 2021) to R91 250 for taxpayers under the […]

Foreword

February is finally behind us… We have survived a month that can be marked by the dread of taxes, questions about its application and then also the Budget Speech for the coming year. Minister Enoch Godongwana delivered his first Budget Speech and contrary to the general expectation that taxes in South Africa will have to […]

The 2020 Budget Speech in a nutshell

Finance Minister Tito Mboweni delivered his second National Budget Speech on 26 February 2020. Taxpayers can breathe a little easier as he announced no major tax increases. The personal income tax brackets and the primary, secondary and tertiary rebates will be increased by 5.2% for 2020/21, which is above the expected inflation of 4.4%. Tax […]

Budget Speech summary

On Wednesday, 21 February 2018, all eyes were on the Minister of Finance in Parliament, where he delivered his budget speech.  It became apparent over the last few months that bad news would be the order of the day as tax hikes were not only expected, but seemed unavoidable. Therefore, it was no surprise that […]