Are you over 18 and want to see adult content?
More Annotations
A complete backup of buckinghamlocksmiths.co.uk
Are you over 18 and want to see adult content?
A complete backup of dopingautoriteit.nl
Are you over 18 and want to see adult content?
A complete backup of thetravelnetworkgroup.co.uk
Are you over 18 and want to see adult content?
A complete backup of netflix-nederland.nl
Are you over 18 and want to see adult content?
A complete backup of pusatviagraasli.net
Are you over 18 and want to see adult content?
Favourite Annotations
Affordable, Quality Shotguns | Stoeger Industries
Are you over 18 and want to see adult content?
Agriculture, Pakistan Agriculture, News, Opinions- Pakissan.com
Are you over 18 and want to see adult content?
Fogfehérítés otthon | Fogfeherito-matrica.com
Are you over 18 and want to see adult content?
Surrogazione di maternità :Agenzia di maternità surrogata specializzata
Are you over 18 and want to see adult content?
Most Comfortable Mattress | Nectar Sleep
Are you over 18 and want to see adult content?
CarsGuide: Car Reviews - New & Used Car Sales
Are you over 18 and want to see adult content?
Prism Marketing – a full-service marketing and advertising agency
Are you over 18 and want to see adult content?
Text
THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereTHE STAR - IOL
SA records over 8000 new Covid-19 cases in the last 24 hours. By IOL Reporter 1h ago. The National Institute of Communicable Diseases confirmed that the country’s cumulative Covid-19 case countIOL | PRETORIA NEWS
-
CAPE ARGUS - IOL
-
CAPE TIMES - IOL
-
TSHWANE INCREASES COVID-19 VACCINATION SITES TO 14 The City of Tshwane yesterday announced an increase in the number of the Covid-19 vaccination sites for the phase 2 mass vaccinationprogramme. This
CAPE TOWN STUDENT CROWNED MISS TEEN SA 2021 Cape Town student crowned Miss Teen SA 2021. Cape Town beauty Kayleigh Jephta, from Table View, is the new Miss Teenager South Africa. The ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change!THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereTHE STAR - IOL
SA records over 8000 new Covid-19 cases in the last 24 hours. By IOL Reporter 1h ago. The National Institute of Communicable Diseases confirmed that the country’s cumulative Covid-19 case countIOL | PRETORIA NEWS
-
CAPE ARGUS - IOL
-
CAPE TIMES - IOL
-
TSHWANE INCREASES COVID-19 VACCINATION SITES TO 14 The City of Tshwane yesterday announced an increase in the number of the Covid-19 vaccination sites for the phase 2 mass vaccinationprogramme. This
CAPE TOWN STUDENT CROWNED MISS TEEN SA 2021 Cape Town student crowned Miss Teen SA 2021. Cape Town beauty Kayleigh Jephta, from Table View, is the new Miss Teenager South Africa. The ENTRIES FOR MISS SA 2021 NOW OPEN Entries open for Miss South Africa 2021 on Monday, May 24, at 17pm, and will close on June 24, at midnight. Stephanie Weil of the Miss South Africa Organisation says: “We are KZN, HERE ARE YOUR COVID-19 VACCINATION SITES Currently, 339 655 healthcare workers have been vaccinated. This morning, Health Minister Dr Zweli Mkhize announced the locations of the active sites across the country, with nine sites set up in BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today.CRIME AND COURTS
Crime and courts. weekend-argus. Mother of missing Shevonne Matthews says she became homeless 19 years ago due to a broken heart. By Genevieve Serra 1h ago. Western Cape. Mom forced to switch offTHE MERCURY
The family of late Bosasa chief executive Gavin Watson have succeeded in overturning a high court ruling ordering it to restore shares in a mining company to Smuts Ngonyama WEEK CONCLUDES WITH ANOTHER FACTION CLAIMING RIGHTS TO This week’s latest development from the Zulu royal court took many by surprise when it emerged that a third faction is contesting for the throne despite the fact that King Misuzulu is already ALGERIANS VOTE IN PARLIAMENTARY ELECTION 2 hours ago · Algeria held parliamentary elections on Saturday that the ruling elite hopes will turn a page on political unrest amid a crackdown on dissent, but which many voters were expected to ignore.While
LIVE FEED: STATE CAPTURE INQUIRY LIVE FEED: State Capture Inquiry - June 1, 2021. Johannesburg - The Zondo Commission will hear evidence related to the Passenger RailAgency
SA’S AVAILABLE VACCINES DO OFFER PROTECTION AGAINST INDIAN File photo: Healthcare workers getting vaccine at Gatesville Melomed vaccination centre in Athlone. South Africa's recovery rate, however, remained stable at 95%, Mkhize said. MEET THE RUNNER WHO PLANS TO DO COMRADES BAREFOOT FOR THE DURBAN - With the landscape of the Comrades Marathon having changed due to Covid-19, a Pietermaritzburg man is using the opportunity to bring hope to the homeless in that city in a bid to help KZN HEALTH MEC LAUNCHES ’COVID-19 INFLUENCERS PROGRAMME As the province recorded one Covid-19 death in the past 24 hours, the KZN Health Department embarked on a national roadshow to encourage communities on the importance of getting vaccinated. HAWKS ARREST ‘GHOST VENDING’ SYNDICATE 1 day ago · SEVEN people believed to be part of a criminal network responsible for large-scale pre-paid electricity fraud and theft were arrested by a multidisciplinary team that swooped in on various IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change! BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today.DAILY NEWS - IOL
-
LATEST SOUTH AFRICAN NEWS Your comprehensive source for the latest and trending South African news, analysis and video content. Stay up-to-date with current affairs& events in SA!
THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
-
THE STAR - IOL
-
CAPE ARGUS - IOL
-
CAPE TIMES - IOL
-
IOL | NEWS THAT CONNECTS SOUTH AFRICANSNEWSSPORTTECHBUSINESS REPORTENTERTAINMENTLIFESTYLE Discover the world of IOL, bringing you a mix of current news across politics, sport, business, motoring and lifestyle. Telling your stories and driving change! BREAKING NEWS FROM SA, AFRICA AND AROUND THE WORLD Top stories and news highlights from around South Africa, Africa and across the globe as they happen. Read the latest local and International news on IOL today.DAILY NEWS - IOL
-
LATEST SOUTH AFRICAN NEWS Your comprehensive source for the latest and trending South African news, analysis and video content. Stay up-to-date with current affairs& events in SA!
THE POST - IOL
SA’s Covid cases breach 1.6m, close to 55 000 deaths recorded. By IOL Reporter 8h ago. In its daily Covid statistics media statement, the Health Ministry confirmed that 2 759 new cases wereIOL | PRETORIA NEWS
-
THE STAR - IOL
-
CAPE ARGUS - IOL
-
CAPE TIMES - IOL
-
DAILY NEWS - IOL
-
THE MERCURY
No running water for 425 000 homes in KZN, report finds. 8h ago. About 425 000 families remain without clean running water across KwaZulu-Natal, according to recent findings by the Co-operative CURRENT NEWS IN WESTERN CAPE Read the latest news stories from Cape Town and the rest of the Western Cape region. Your trusted source for local Western Cape news!IOL ENTERTAINMENT
South Africa`s premier source for the latest in entertainment, showbiz & celebrity news. Check out the hottest entertainment news today! LATEST CELEBRITY NEWS & GOSSIP Get all the latest celebrity and entertainment news, gossip, photos and videos online. Keep up to date with hot gossip and celebrity newsright here.
KZN HEALTH MEC LAUNCHES ’COVID-19 INFLUENCERS PROGRAMME As the province recorded one Covid-19 death in the past 24 hours, the KZN Health Department embarked on a national roadshow to encourage communities on the importance of getting vaccinated. PREMIER SIHLE ZIKALALA’S COMMUNICATIONS ADMINISTRATOR 1 day ago · KWAZULU-NATAL Premier Sihle Zikalala said the brutal murder of a member of his staff was one of the most gruesome acts of gender-based violence committed in NEWLY APPROVED AMENDED CUSTOMARY MARRIAGES ACT 1 day ago · Last week, President Cyril Ramaphosa approved the amended Customary Marriages Bill. This is a significant step towards equality for women in South Africa. Moremadi Mabule, Head of ACCUSED DRUG SMUGGLER IN R5M BUST RELEASED ON BAIL 1 day ago · ACCUSED drug smuggler Xolile Skoti has been released on R25 000 bail after being arrested with cocaine worth an estimated street value of about R5.7 million. The ASTON MARTIN VINDICATED BY SEBASTIAN VETTEL SIGNING, SAYS 9 hours ago · Sebastian Vettel looks like a man reborn at Aston Martin and the decision to sign him appears to be paying off, Formula One's managing director for motorsport Ross Brawn said.* Shop @ Loot
* Drive360
* Property360
* Talent360
* Voices360
* The Young Independents* News
* South Africa
* Eastern Cape
* Free State
* Gauteng
* Kwazulu-Natal
* Limpopo
* Mpumalanga
* Northern Cape
* North West
* Western Cape
* Politics
* Videos
* Polls
* Opinion
* Belt and Road
* Africa
* World
* Opinion
* Eish!
* Sport
* Soccer
* PSL
* Premier League
* UEFA Champions League* Bundesliga
* Bafana
* Africa
* La Liga
* Europa League
* Rugby
* Springboks
* Super Rugby
* Rugby Championship* International
* Sevens
* Currie Cup
* Pro14
* Cricket
* Proteas
* Domestic
* International
* Video
* Opinion
* Athletics
* IAAF Diamond League* TeamSA
* Golf
* PGA Tour
* Sunshine Tour
* European Tour
* US Masters
* US Open
* Open Championship
* US PGA
* more sport
* Swimming
* Netball
* Hockey
* Basketball
* Formula One
* World Cup
* Olympics
* Tennis
* ATP Tour
* WTA Tour
* Australian Open
* French Open
* Wimbledon
* US Open
* Boxing
* Cycling
* Opinion
* Business Report
* Companies
* Economy
* Energy
* Markets
* Shares
* Currencies
* Commodities
* Market Indicators
* Entrepreneurs
* Technology
* Careers
* International
* Opinion
* Budget
* Belt and Road
* BRICS
* Entertainment
* Celebrity News
* International
* Local
* TV
* Local
* International
* Streaming
* Reality TV
* Soapies
* Movies
* News
* Reviews
* Coming Soon
* Music
* Local
* International
* Reviews
* Gaming
* News
* Reviews
* Royals
* What's On
* Joburg
* Durban
* Cape Town
* Pretoria
* Books
* Lifestyle
* Food & Drink
* Recipes
* Restaurants
* Drink
* Health
* Fitness
* Mind
* Diet
* Family
* Pregnancy
* Baby
* Parenting
* Pets
* Style & Beauty
* Fashion
* Men
* Beauty
* Hair
* Weddings
* Home & Garden
* Home
* Garden
* Love & Sex
* Sex
* Relationships
* Competitions
* Travel
* Travel News
* South Africa
* Eastern Cape
* Free State
* Gauteng
* Kwazulu-Natal
* Limpopo
* Mpumalanga
* North West
* Northern Cape
* Western Cape
* Africa
* World
* Asia
* Australasia
* Caribbean
* Europe
* Middle East
* North America
* South America
* Travel Tips
* Motoring
* Industry News
* Latest Launches
* Cars
* Bikes
* Trucks
* Motorsport
* F1
* Road Tests
* Custom Cars
* Personal Finance
* My Money
* Banking
* Budgeting
* Spending Wisely
* Debt
* Financial Planning* Retirement
* Invest
* Insurance
* medical cover
* tax
Newsletter Subscribe Business Report BudgetMinister of
Finance Tito Mboweni delivers his budget speech to Parliament. Photo: Phando Jikelo/African News Agency (ANA) BUDGET SPEECH 2020 AIMS TO WIN BACK INVESTOR CONFIDENCE By Bernard Sacks 6h agoShare this article:
ShareTweetShareShareShareEmail DURBAN – Minister Tito Mboweni walked the tightrope in delivering his Budget Speech 26 February 2020. In an effort to preserve the last remaining investment grade status he had to demonstrate to the ratings agencies that South Africa was applying appropriate measures of fiscal discipline in cutting expenditure and limiting the amounts allocated to underperforming SOEs, whilst not overburdening South Africans with taxes. Personal income taxpayers received a measure of welcome relief when the Minister announced that the personal income tax brackets and the rebates (primary secondary and tertiary) would increase by 5.2 percent for the 2020/21 tax year. The bulk of this relief accrues to taxpayers earning up to R750 000. Although there had been much speculation ahead of the Budget, no VAT increase materialised. This is welcomed, given the need to stimulate the economy and promote growth. Whilst the SA corporate tax rate remains unchanged at 28 percent, the Budget Review acknowledged that South Africa’s relative competitiveness internationally has lagged over the last several years due to rates in other countries such as UK, India and USA falling. Accordingly, in an effort to promote economic growth, government intends, over the medium term, to restructure the corporate income tax system by broadening the base and reducing the rate. The base broadening proposals will involve minimising tax incentives, and introducing new interest deduction and assessed losslimitations.
THE INTENTION IS TO IMPLEMENT RATE REDUCTIONS IN A REVENUE-NEUTRALMANNER:
* Effective years of assessment commencing on or after 1 January 2021, the offset of assessed losses carried forward will be limited to 80 percent of taxable income. * Government proposes to restrict net interest expense deductions to 30 percent of earnings for years of assessment commencing on or after1 January 2021.
The benefit of tax incentives is under discussion. Sunset clauses for a number of incentives are to be introduced, while others will beunder review.
AdChoices
ADVERTISING
Exchange controls are to undergo further reforms. Over the next 12 months, a new capital flow management system will be put in place. All foreign-currency transactions will be allowed, except for a risk-based list of capital flow measures. This change will increase transparency, reduce burdensome and unnecessary administrative approvals, and promote certainty. The capital flow measures take account of the Organisation for Economic Co-operation and Development best-practice Code of Liberalisation of Capital Movements and are aligned with similar approaches in other developing countries. The annual limit for contributions to tax-free savings account will be increased to R36 000 – a measure intended to increase savings. In an effort to help fund the rollout of national health insurance, the increases in medical tax credits continue to be implemented below the rate of inflation. SOME OF THE INDIRECT TAX CHANGES INCLUDE: * Increasing the fuel levy by 25c/litre, consisting of a 16c/litre increase in the general fuel levy and a 9c/litre increase in the RAFlevy
* Increasing excise duties on alcohol and tobacco by between 4.4 and7.5 percent.
* Heated tobacco products will be subject to excise duties withimmediate effect
* Government intends to tax electronic cigarettes in 2021. _Bernard Sacks is a Tax Partner at Mazars. _ BUSINESS REPORT ONLINE Free Market Economy TitoMboweni Tax
GDP
Share this article:
ShareTweetShareShareShareEmailSearch
Follow IOL
Advertisment
Related Articles
#Budget2019: Mboweni goes easy on taxpayers Minister Tito Mboweni needs to think outside the box Personal income tax-free threshold hiked to R79 000TRENDING on IOL
* #Budget2020
* #CoronaVirus
* #MyHeart
* #loadshedding
* #SAINC
Advertisment
RELATED ARTICLES
*
INFRASTRUCTURE DEVELOPMENT SHOULD BE A PRIORITY FOR GOVERNMENT*
BUDGET SPEECH 2020: MBOWENI SAYS USING PENSION FUNDS TO CUT ESKOM DEBT'NOT A BAD IDEA'
*
BUDGET SPEECH 2020: MBOWENI THINKS BUDGET CAN PASS MUSTER WITH MOODY'S*
BUDGET SPEECH 2020: MBOWENI MAKES FISCAL CONSOLIDATION HIS MAIN AIM INBUDGET
*
*
RECOMMENDED
by Newsroom AI
iol.co.za
LOOK: DOMESTIC WORKER SPOTS BLACK MAMBA IN BOOT OF CARiol.co.za
BELGIUM COUPLE ROBBED AT GUNPOINT AT EASTERN CAPE GUEST HOUSEiol.co.za
VIDEO OF 'MABENA' NEARLY WIPING OUT SOLDIERS WITH A TANKER HAS TWITTERIN STITCHES
iol.co.za
HANNAH CORNELIUS'S KILLERS ALLEGEDLY OPERATE FACEBOOK ACCOUNTS FROMBEHIND BARS
iol.co.za
KNIFE-WIELDING MEN NABBED JUST MINUTES AFTER DURBAN NORTH MUGGINGiol.co.za
TWO SUSPECTS ARRESTED AS 'HAMMER GANG' HITS GALLERIA JEWELLERY SHOP* Most Read
* Editors Choice
QUESTIONS RAISED AFTER DUDUZANE ZUMA PLEDGE TO HELP FINANCIALLYEXCLUDED STUDENTS
WHILE SOUTH AFRICA IS NAVEL-GAZING, ZIMBABWE IS FACING STARVATION QUEEN DOESN'T OWN THE TERM 'ROYAL', CLAIM FRUSTRATED HARRY AND MEGHAN THOUSANDS OF HECTARES OF STATE LAND TO BE RETURNED TO DISPOSSESSEDFAMILIES
OUTRAGE AFTER CONVICTED PAEDOPHILE CAUGHT TAKING PICS AT SCHOOLCRICKET GAME
SECTIONS ON IOL
* News
* Business Report
* Personal Finance
* Sport
* Entertainment
* Lifestyle
* Travel
* Motoring
* Multimedia
FOLLOW IOL
MORE ON IOL
* About IOL
* Contact Us
* Newspapers
* Cape Community Papers* Weather
* Augmented Reality
* IOL Mobile App FAQ* Classifieds
* Advertise with us
* Feedback
* Complaints ProcedureLEGAL
* Press Code
* Privacy Policy
* Terms & ConditionsTRENDING ON IOL
* #Budget2020
* #CoronaVirus
* #MyHeart
* #loadshedding
* #SAINC
Newsletter SubscribeNEWSPAPERS
* The Star
* Cape Argus
* Weekend Argus
* Daily News
* Cape Times
* The Mercury
* Pretoria News
* Business Report
* Saturday Star
* The Independent on Saturday* Sunday Tribune
* Sunday Independent* Personal Finance
* The Post
* Daily Voice
* Isolezwe
2020 Independent Media and affiliated companies. All rightsreserved
Details
Copyright © 2024 ArchiveBay.com. All rights reserved. Terms of Use | Privacy Policy | DMCA | 2021 | Feedback | Advertising | RSS 2.0