Mboweni says SA income, corporate tax unlikely to rise | Fin24

Mboweni says SA income, corporate tax unlikely to rise | Fin24
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Minister of Finance, Tito Mboweni (Photo by Gallo Images/Ziyaad Douglas)

Gallo Images/Ziyaad Douglas

Finance Minister Tito Mboweni told selected clients of two of South Africa’s biggest banks that the National Treasury has no plans to boost income, corporate or value-added tax even as the coronavirus decimates the nation’s finances.

The Treasury is discussing the possibility of an inheritance tax and a so-called solidarity tax in a bid to raise additional finances, two people who listened to the calls with hundreds of clients of Standard Bank and Absa said. They asked not to be identified because the calls were private.

Mboweni’s room to raise levies for individuals and…



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