tax

The week ahead: All Action in the Committee Corridor

With no sittings scheduled in the main chambers, the committee corridor will be the main source of parliamentary action this week.

MPs will spend a considerable time meeting with various departments and entities on their strategic plans, annual performance plans and budgets.

In between, there's some detailed legislating as MPs ...

LiveMagSA: How the budget speech tackles youth issues

By Rofhiwa Maneta

On Tuesday, the Minister of Finance, Nhlanhla Nene delivered his maiden budget speech to the National Assembly. It was a speech that announced the first income tax increase in 20 years, an increase in sin tax and an increased fuel levy that is set to trigger an ...

Infographic: Tax changes according to the 2015 budget

Yesterday, during his budget speech, Finance Minister Nhlanhla Nene informed the country of upcoming tax increases. As expected, there will be tax increases on personal income tax, sin tax (alcohol and cigarettes), and fuel levies. Taxable income is set to increase for anyone earning over R181 900 a year. ...