2012 Budget Speech

[ShaunSA]

http://www.treasury.gov.za/documents/national budget/2012/speech/speech.pdf

 

[sox63]

Thanks for the link. Should make for some interesting reading

 

[ebendl]

Really not happy on the increase of the Capital Gains Inclusion rate - 25% to 33% for individuals. Don't know how they expect to increase savings if we're being taxed more for the returns...

Oh wait, we have to save more because our savings will be worth less in the end.

Same with the dividend witholding tax - when it was originally introduced, it was 10%. Now we hear today that it is 15%!

 

[WilD_CaT]

Yep. Basically the message is don't invest and save, consume instead.

 

[ebendl]

Unless it is a "registered short and medium term" saving product. Basically, people making real money using property / stocks will be screwed, and people with MyHappyInvestmentProductFromMyUselessBank will be fine.

 

[hellfire]

If I am paying R36.00 per 750ml bottle of spirits, am I also then paying VAT on top of that?