29.8 C
Johannesburg
Wednesday, March 20, 2019
Advertisement

Budget 2019 | comment – conservative budget with no sweeping changes

As expected, this was a conservative budget with no sweeping changes to most forms of taxation. The Finance Minister took advantage of some new revenue sources such as carbon taxes, but, for the most part, continued to stick to the script of limiting bracket creep adjustment, sin taxes and fuel levies to raise more money.

Budget 2019 | ‘Send us’ – the long journey to Ramaphosa’s...

The stakes have never been higher, and despite Minister Tito Mboweni’s always-jovial presence in parliament as he tabled Budget 2019, his words prepared us for the bitter medicine that must be swallowed before we can experience economic recovery.

Budget 2019 | comments on corporate tax

Finance Minister Tito Mboweni delivered the 2019 Budget Review today. What will the 2019 Budget Speech mean for your business?

Budget 2019 | Personal income tax

Given the economic realities facing the Minister of Finance this year, it is unsurprising that he had a difficult task balancing the need to improve tax revenue with the implications of placing additional tax burdens on the individual taxpayer.

2019 Budget | Structural reforms outweigh decimal points deteriorations in the...

Finance Minister Tito Mboweni’s maiden Budget speech is a structural reform budget, which aims to reduce the immediate fiscal and economic risks posed by Eskom’s and other State Owned Enterprises’ (SOEs) unsustainable balance sheets and operational models.

Budget 2019 | SA Finance Minister Tito Mboweni’s Speech

In the 2019 State of the Nation Address, our President set out an ambitious agenda for our nation. It is an agenda that speaks to the South Africa that we can be. It is a task list for all of us. It lays out a series of interventions that will put South Africa on a bold new path.

Budget 2019 | what can personal income taxpayers expect?

Against the backdrop of the weakening Rand, the pain point of the increased marginal tax rate of 45 per cent, the increase in the VAT rate by 1 percent in April 2018 and the decline in household spend, can South Africans really afford another tax rate hike?

Budget 2019 | can transfer pricing help increase tax collections?

South Africa recently tightened its transfer pricing and disclosure requirements, implementing global standards. This was an important step to enable the South African Revenue Service (SARS) to enforce transfer pricing rules and to counter undesired base erosion through profit shifting. However, the question remains what else can be done to address impermissible transfer (mis-) pricing and to stimulate investment into South Africa, as tax collections have not been where they should be and it is expected that further expenditure will be proposed in the 2019 Budget?

Budget 2019 | what SMEs hope to hear in the budget...

When Finance Minister Tito Mboweni gives his Budget Speech for the 2019/20 tax year next week (20 February), I hope to hear examples of how the government will work towards boosting South Africa’s ranking in The World Bank's annual 'Doing Business Report'. Given that India climbed 23 positions in this year’s ranking and that South Africa ranked 32nd just a decade ago, this goal is highly achievable.

Budget 2019 | key areas to look for in Tito Mboweni’s...

Finance Minister, Tito Mboweni, delivers his first Budget Speech on 20 February at a difficult time for the South African economy. Even though President Cyril Ramaphosa has done much to restore business confidence in his first year in office, GDP growth remains weak, government finances are in relatively poor shape, and renewed load shedding is hurting business confidence.
- Advertisement -

LATEST NEWS

MUST READ

X

Forgot Password?

Join Us

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.