Budget speech 2021: A summary

De Wet De VilliersLatest, Tax Tuesday

Minister Tito Mboweni delivered his annual budget speech on 24 February 2021. In the year following the outbreak of the Covid-19 pandemic, many expected the individual tax burden to increase to make up for increased government spending and lower year-on-year tax collections. However, in an effort to stimulate spending, government increased tax brackets above inflation ...