…Next year, they’re going to have to look at another VAT increase… We still have one of the lowest VAT rates in the world…— Marc Sevitz, TaxTim
Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted.
1% hike in VAT
R85 billion cut in government spending
Hike in the fuel levy of 52 cents a litre
R57 billion – phased in over three years – for fee-free higher education
- Social grants hikes above the rate of inflation
The Money Show’s Bruce Whitfield interviewed TaxTim cofounder Marc Sevitz.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
The amount available to higher earning taxpayers is less.— Marc Sevitz, TaxTim
It [VAT hike] is genius…— Marc Sevitz, TaxTim
…R1.22 hike on a pack of cigarettes…— Marc Sevitz, TaxTim
A lot of our clients are on the bottom three rungs of the tax brackets.— Marc Sevitz, TaxTim
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Bongani Bingwa speaks to incoming Finance Minister after his come back to cabinet was announced by the President.
Leon Louw, from the Freedom Market Foundation explains how Parliament could reject the VAT increase.
Director of the Rhodes Business School Professor Owen Skae explains why VAT a was logical decision but not a popular one.
DA says corporate tax should be reduced to stimulate economy while the EFF argues that corporates should be taxed more.
Universities SA says it's concerned the money may not be enough and wants Treasury to provide calculations.
Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018
Automotive Journalist, Jacob Moshokoa shares his views of the Polo GTI 2018, and chats about the vrrrpha mentality among young men
Director at advocacy group Locked Up SA, Patricia Gerber describes the extent of drug trafficking from South Africa.
Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.
Thanduxolo Jindela explains why he is running a campaign to encourage more of Omotoso’s victims to come out and testify.
Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.