As the financial landscape evolves, so do the tax regulations governing taxpayers in South Africa. The 2024 tax season has brought with it significant changes that affect individuals, companies and trusts.
Finance minister Tito Mboweni has tabled the 2020 medium-term budget policy statement before parliament – revealing strained finances, with little room to manoeuvre through South Africa’s recession-hit economy.
After the interest rate announcement the biggest factor affecting consumers is the Budget speech by Tito Mboweni, minister of finance, which is expected on 26 February.
“Significant tax increases over the past several years leave only moderate scope to boost tax revenue at this time.
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