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SUB CATEGORIES General |  Budget 2017 |  Budget 2018 |  Budget 2019 |  Budget 2020 |  Budget 2021 | 

Of interest

18 February 2004 Angelo Coppola

Budget highlights - Manuel waxes lyrical.

* R72bn in tax cuts since 1994

* R327bn revenue projected for 2004

* Lower than expected sin tax - R800m revenue to government for tobacco products

* No tax on traditional beer - to appease the traditional leaders

* R4bn reduction in income tax revenue

* Lowest tax bracket threshold increased to R33 222

* 10% dividend threshold increased - R62m loss to government

* Exemption threshold increased to R150 000 for home-buyers

* Stamp and mortgage duties removed for properties - R250m loss to the government

* Travel allowances - to review travel allowance tax this year

* Foreign firms can list on the JSE sometime this year

* Amnesty process underway - 14250 applications received by the end of January

* 2200 'tips for Trevor'

* Retirement tax issues - still to be reviewed

* VAT staying at the same level

Quick Polls

QUESTION

The next year or two will continue to be a turbulent one with regards to regulatory change. Do you think…

ANSWER

What we need is less regulation not more
The industry has overwhelmed itself with its own excessive regulation
The industry is bracing itself to deal with the regulatory changes, and brokers and insurers need to stay well informed of the effects of these changes
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FAnews June 2021 Get the latest issue of FAnews

This month's headlines

Broker and insurer collaboration should not be a one-way street
Running on outdated systems… There's risks
Policy wordings with respect to COVID-19
Death or divorce... how best to split assets
Ethical investing… principles and moral codes
Portfolio positioning will serve investors well
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