Tag: excise duty

Excise taxes on beer have become a contentious issue, raising concerns about their impact on consumers, producers, and the economy. Adjusting tax policies can be challenging, though some amendments are more accepted than others.

Minister of Finance Enoch Godongwana delivered his Budget Speech 2024 to Parliament and the nation on 21 February 2024. A key announcement was that tax rates will not be increased in 2024/2025, as previously signalled by the Medium-Term Budget Policy Statement (MTBPS) 2023, to generate the extra R15 billion needed in revenue.

The 2024 Budget was tabled to Parliament on 21 February 2024 by South African Finance Minister Enoch Godongwana. Tax Pocket Guide Honourable Speaker, Nosiviwe Mapisa-Nqakula His Excellency,...

Minister of Finance Enoch Godongwana will deliver the 2024 Budget Review to Parliament next week as the South African economy faces a gloomy economic outlook. The economy is still recovering from the impact of COVID-19 and state capture.

As more people choose vaping as an alternative to smoking, discussions surrounding its regulation and taxation have become hot-button issues worldwide, and South Africa is no exception. One prevalent topic is the idea of raising taxes on vaping products.

The 2023 Budget was tabled to Parliament on 22 February 2023 by South African Finance Minister Enoch Godongwana.

South African legislators are seeking to regulate e-cigarette and vaping products through the draft Control of Tobacco Products and Electronic Delivery Systems Bill, as well as new taxation laws. The National Department of Health has started to amend current tobacco legislation through the draft Bill, while taxation will be levied on nicotine and non-nicotine solutions with a 40% incidence guideline.

South Africa’s Minister of Finance, Mr. Enoch Godongwana, delivered his maiden National Budget Speech to the National Assembly on Wednesday, 23 February 2022. A crucial function of the Budget Speech is to provide details of spending and make proposals about how the priorities outlined in the President’s State of the Nation Address will be funded.

The Minister of Finance, Enoch Godongwana, delivered the 2022 Budget to parliament. Discussed below are key highlights from the 2022 Budget Review:

The 2022 Budget was tabled to Parliament on 23 February 2022 by South African Finance Minister Enoch Godongwana.