2016 Budget Speech summary

The Minister of Finance tabled National Treasury’s annual budget in Parliament on the 24th of February 2016.  Below some of the more significant tax related matters to take note of which have been proposed:  Capital gains tax inclusion rates are increased from 33.3% (individuals) and 66.6% (companies and trusts) to 40% and 80% respectively; Rates for VAT, Corporate Income Tax, […]

Gift from SARS

The tides are changing in the retirement savings space, with National Treasury encouraging us to save more for retirement by significantly increasing the tax incentives. This is one of several important changes that will go ahead from March this year, now that the President has approved the Taxation Laws Amendment Bill, 2015, which was passed by both Houses of Parliament […]