Tax increases you will probably see next week, and the ones you won’t

Tax increases you will probably see next week, and the ones you won’t
Spread the love

Analysts and economists detail their predictions for Finance Minister Tito Mboweni’s budget speech on February 24, with a particular focus on taxes.

The February budget generally focuses on government revenue collection efforts, and medium-term budget policy later in the year, around October, focuses on spending.

With the onset of the Covid-19 pandemic last year, the 2020 budget was largely out of step with the realities presented by the outbreak and the national shutdown, resulting in the presentation of the ’emergency’ budget. ‘ in June.

The new budget has left the fiscus in a vulnerable position, and the National Treasury is expected to record a budget deficit of at least 14% and fiscal revenues to be around R312.8 billion lower than projections in the .. .

.



Original Author

Please follow and like us:
editor

editor

Live Updates COVID-19 CASES
RSS
Follow by Email