Article: Your tax to increase

Taxpayers, except those in the lowest tax bracket, will see a slight dent in their pay packets from April 1, Finance Minister Nhlanhla Nene announced on Wednesday.

"Personal income tax rates will be raised by one percentage point for all taxpayers earning more than R181,900 a year," Nene said in presenting his first main budget in the National Assembly.
 
Well someone has to pay for all of those blue light convoys, eTolls and Nkandlas.
 
While the general fuel levy would increase by 30.5c/litre, the Road Accident Fund (RAF) levy would see a substantial increase of 50c/litre, both effective from April 1.

"It is required in order to finance the progress made by the RAF administration in clearing the claims backlog. But it also reflects the unsustainability of the current compensation system, which has accumulated a R98 billion unfunded liability," Nene said.
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FFS - just do away with the money-sink RAF and make third party insurance and biennial vehicle inspections compulsory.
 
Ancalagon said:
Well someone has to pay for all of those [-]blue light convoys, eTolls and Nkandlas.[/-] government salary increases
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FTFY, so much for Nene's austerity measures we knew gov was gonna demand more & we'll pay more.
 
rpm said:
Taxpayers, except those in the lowest tax bracket, will see a slight dent in their pay packets from April 1, Finance Minister Nhlanhla Nene announced on Wednesday.

"Personal income tax rates will be raised by one percentage point for all taxpayers earning more than R181,900 a year," Nene said in presenting his first main budget in the National Assembly.
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Is that 1% per bracket?

or a total of 1%?
 
"Fuel taxes were set to increase by R80.5c/litre."
Dafuq?!!!
:mad:

Ontop of the increase expected next month?!
 
SeRpEnT said:
"Fuel taxes were set to increase by R80.5c/litre."
Dafuq?!!!
:mad:
Ontop of the increase expected next month?!
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Phew it is 80.5c and not R80 and 5c as in the article :p (yes sue me I need something to smile about)
 
If you are below 65 years old and have an annual income of R200,000, for instance, your tax rises is rising by R21 per month. Earn R500,000 per year? You’re looking at R271 more per month. Earners of R1.5 million per year, will be taxed an extra R1,105 per month.
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Too be honest looking at that, I think the increase in the fuel levy is more concerning...
 
Chris said:
Too be honest looking at that, I think the increase in the fuel levy is more concerning...
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Brackets are also adjusting so it is much more than the figures being trotted out couple that with the low salary increases and you now have lower disposable income.

e.g.
Tax brackets, rebates an medical schemes and medical aid contributions would however be adjusted for inflation.
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E-tolls stay. Taxes rise. Fuel levy rise... money hungry corrupt ****ers I smell.. Take it, take it all you want, soon we will no longer be able to pay your taxes....
 
The one thing I can say, is that Nene is actually a bloody good speaker. I am very impressed with that aspect.
 
Don't wanna pay eTolls, we'll raise taxes. **** the ANC - **** them in their stupid asses.
 
So tax on fuel is going to rise significantly...
 
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