Further steps to ensure tax enforcement and collection are more likely to be the message in the upcoming Budget Speech than the introduction of a wealth tax. 123rf.com“The budget trend since 2019 has mainly been to equip the South Africa Revenue Services (Sars) to enhance tax enforcement and improve tax collections. We do not anticipate a significant departure from this focus in this month’s budget," says Ekow Eghan, EY’s South Africa tax leader. A phased-in reduction of corporate tax rates, however unpopular, could help drive South Africa’s trade, economic reform and competitiveness...