South African National Budget Speech 2020

South African Finance Minister, Tito Mboweni, delivered his highly anticipated Budget Speech on 26 February 2020. Members of our Tax Practice give their views on the key business tax issues.

South African National Budget Speech, 2020 – key business tax issues

• Personal income tax increases may be on the cards by Sduduzo Mhlongo
• VAT as a revenue generation tool: choose luxury VAT, not a VAT increase by Hermann Marais
• An increase in the Capital Gains Tax rate: would it make economic sense? by Roné la Grange
• Raising taxes could result in lower collections while tax incentives could have the opposite effect by Yasmeen Suliman
• Certainty in the taxing of Collective Investment Schemes by Mogola Makola
• Hope for clarity on the tax challenges facing the mining industry by Adéle de Jager
• Providing tax certainty in an uncertain oil and gas world by Aneria Bouwer and Mogola Makola
• Thoughts on cryptocurrencies and blockchain technology ahead of the 2020 Budget Speech by Rob Hare
• Tax incentives and the Budget Speech by Aneria Bouwer and Talia Ben-David
• Public service incentives for the right spending behaviour by Yasmeen Suliman