Personal Tax - Playing catch-up - Easier to comply
Broad relief for taxpayers but lower earners will get most benefits
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Corporate Tax - Be grateful, very grateful
Corporate SA got off lightly . Since 2006, companies have benefited from more than R30bn in tax savings.
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Sin Taxes - Dark days, light nights
Where the taxman giveth, he also taketh. And when it comes to the usual sin taxes, these have been bumped up to the maximum amount possible, raking in an additional R2,1bn for the fiscus.
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Government Borrowings - Deficit has to be funded
For several years, government has reduced its borrowing requirements and played a diminishing role in capital markets. It now plans to reverse that trend by drawing on greatly increased debt to fund the budget deficit (3,9% of GDP).
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Environment - Bad news for petrolheads
Government has taken a key step in getting South Africans into smaller, greener cars, or onto buses . But the new taxes and incentives may not be nearly enough in a country that is among the top 20 emitters of greenhouse gases in the world.
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