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Emergency Budget – SARS Commissioner breathes sigh of relief

26 June 2020 | Tax

The Minister of Finance delivered an Emergency Budget on 24 June 2020, which can be described in diplomatic terms as gloomy, and uneventful. Most notably, despite speculation by some to the contrary, the Minister did not impose any new taxes, which leaves SARS with no respite as it faces a mighty revenue shortfall of around R300bn.

Supplementary budget tax revenue targets may be unrealistic

25 June 2020 | Tax

On 24th June, Finance Minister Tito Mboweni presented the supplementary budget in response to emergency measures taken to combat the COVID-19 pandemic.

Filing season 2020

25 June 2020 | Tax

Our country is enduring the most difficult period in its history. As President Cyril Ramaphosa aptly reminded us on Wednesday 17 June: “For 100 days we have been living in the shadow of one of the greatest threats to global health in over 100 years.”

Minister to tackle growing inequality in emergency budget with higher marginal tax rates; corporate scrutiny

22 June 2020 | Tax

Finance Minister Tito Mboweni could tackle growing income inequality, exacerbated by COVID-19, in next week’s emergency budget while putting pressure on SARS to collect additional revenue from corporates and high net worth individuals.

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If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?

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