Budget 2017

Can somebody please provide the cliffs as they happen for those of us where work internet does not allow watching this momentous occasion.
 
Details already coming through on www moneyweb.co.za

No increase in VAT
Top marginal rate of 45% for earnings above R1.5mill
Very little change to other tax brackets - ie, major bracket creep
 
diapason said:
Details already coming through on www moneyweb.co.za

No increase in VAT
Top marginal rate of 45% for earnings above R1.5mill
Very little change to other tax brackets - ie, major bracket creep
Click to expand...


Dodged a bullet there for sure.
 
Sin Taxes go up
Fuel levy up 30c

Those are the two that will hurt most people directly.
 
ToxicBunny said:
Sin Taxes go up
Fuel levy up 30c

Those are the two that will hurt most people directly.
Click to expand...
Raising the feul levy every year is a bunch of bs. We had a big increase last year. guess they think people still able to afford cars have some money left to milk.
 
rietrot said:
Raising the feul levy every year is a bunch of bs. We had a big increase last year. guess they think people still able to afford cars have some money left to milk.
Click to expand...
They might as well raise VAT to be honest. The fuel levy will have a direct impact on all retail prices given our transport network is pretty much road based.

A VAT hike would have had the same impact, but it would have been more transparent.
 
ToxicBunny said:
Sin Taxes go up
Fuel levy up 30c
Click to expand...

heart-attack.jpg
 
"149 BILLION needs to be borrowed in 2017/18"
 
Last edited:
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X