Tag Archives: Budget

You and Budget 2018: The New Tables

For ease of reference please find below – The new tax tables for individuals and trusts (with notes). The new tax tables for Small Business Corporations. NEW INCOME TAX TABLES 2018/19 (INDIVIDUALS & SPECIAL TRUSTS) Taxable Income Tax   R0 … Continue reading

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You and Budget 2018: It Could Have Been Worse!

“What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) In the Medium-Term Budget Speech (MTBS) last October, Finance Minister Gigaba laid out some frightening numbers – tax revenue was not rising as … Continue reading

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Submit Your Budget 2018 Tips!

The Minister of Finance makes his Budget Speech on 21 February and would like to hear your tips for the Budget. To submit your suggestions go to “Budget Tips” on the National Treasury website. Our 2018 Budget is one of … Continue reading

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Are We Headed for Junk Status or Only Tax Increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that fiscal consolidation in the absence of growth does damage growth further.” (Finance Minister Pravin … Continue reading

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Running on Empty: Is Our Downgrade to Full Junk Status Coming?

To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister of Finance will present the Medium Term Budget Framework (MTBF). Ratings agencies will closely … Continue reading

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Tax free saving accounts (TFSA) are working – are you taking advantage of them?

In the 2015 Budget, Finance Minister Nene introduced a tax free savings incentive. It allowed R30,000 per person per annum to be invested in a variety of funds including unit trusts, exchange tracker funds (ETFs), savings accounts and insurance products. … Continue reading

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The squeeze is on: The medium term budget

“Without economic growth, revenue will not increase. Without revenue growth, expenditure cannot increase” (Finance Minister Nene in his Medium Term Budget Policy Statement (MTBPS), October 2015) These words spoken by Minister Nene neatly capture the predicament the country’s finances are … Continue reading

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