Our South African Tax Practice had the following predictions ahead of the South African National Budget Speech, which was delivered on Wednesday, 21 February 2018:

• Saving SARS: Why SARS is failing and what can be done to get it back on track
• Anticipated VAT shocks: another blow to an already bruised taxpayer
• Apprehension around National Health Insurance
• Increasing the income tax rate may reduce tax collections

Members of the team made the following observations after the speech:

• Budget 2018: Important Proposed Changes for Businesses
• Increase in the official interest rate
• National Health Insurance
• SA regresses to higher VAT rate
• VAT shocks: the good and the bad
• Budget 2018: New president, new process, new engaged and optimistic public