As a new Tax Season has started we need to familiarise ourselves with the new regulations going forward. The raising of the VAT rate to 15% is not the only thing we need to know – the who and how of Gigaba’s Budget Speech is looked into by Citadel Chief Economist Maarten Ackerman. Have a look at the article below:
No wealth tax but taxing the wealthy
Maarten Ackerman – Citadel Chief Economist and Advisory Partner
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. The rand appreciated somewhat and bond yields traded lower soon after the Minister started to speak, signaling firm approval from the markets… Read More
Source – www.ebnet.co.za
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