Kyle Mandy News Today

Godongwana didn’t hike the personal income tax rate, but inflation will give him the cash just the same

It is believed that the government will explain this increase in excise duty as a reflection of the growing recognition of the need to regulate and tax these products.

Sars needs to be able to improve its performance when it comes to taxes due versus taxes collected – and public money needs to be spent more efficiently.

Economists said it was vital that Budget 2024 should ideally provide greater certainty on the future of the SRD grant and the impact on the fiscal framework in years to come.

As Finance Minister, Enoch Godongwana prepares to deliver his budget speech on 21 February, economists anticipate a 0.5% VAT increase.

(Bloomberg) -- South Africa’s National Treasury may have to hike value-added tax on some goods and services to bring in new revenues, accounting firm PwC said.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Wade Back In to Fuel Wall Street Gains: Markets WrapIsrael Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’Musk Says Putin Can&#x20...

Webber Wentzel tax partner Joon Chong welcomed the change to the initial proposed amendment published in July.

Only those with business activity or physical presence in SA required to withhold PAYE.

Threshold to gain access remains quite high.

South African motorists can expect to cough up more for a litre of fuel thanks to an expected increase in the general fuel levy.