2022 Budget Speech Overview

SOUTH AFRICA:

Corporate income tax remained a focal point in addressing South Africa’s attractiveness as an investment destination

The finance minister began his address by affirming his commitment from his midterm budget speech to the reconstruction and recovery of the economy and by extension saving lives and livelihoods.

Heartily the minister announced he would be relaxing the tax thresholds for individual income tax.

Heartily the minister announced he would be relaxing the tax thresholds for individual income tax.