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Friday 25 May, 2018
The official Financial Regulation Journal of SAIFM
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Tag: Budget Speech

Practical considerations of the VAT rate increase as of 1 April...

On 21 February 2018, the Minister of Finance announced in his Budget Speech that the standard rate of VAT of 14% would be revised upwards to 15%, as of 1 April 2018, in line with Government's drive to raise additional revenue.

No wealth tax but taxing the wealthy

In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.

Watch out for VAT changes in 2018 Budget Speech

February’s budget speech is expected to hit a slightly more optimistic note as a result of resurgence in business and consumer confidence.