SOUTH AFRICAN NATIONAL BUDGET SPEECH 2017

Tax increases of ZAR 28 billion were announced in the South African National Budget Speech 2017 by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017. Changes included increased taxes on individuals (top marginal rate of 45%) and an increase in dividends tax from 15% to 20%.   The Minister highlighted key anti-avoidance measures relating to foreign companies held by trusts, share buyback transactions, contributed tax capital of foreign shareholders, and interest recoupment on debt reductions.

Click on the below links to read more from our Tax team on the 2017 National Budget Speech.

• Important proposed changes for business
• Our expert analysis of Customs and Excise issues
• Nasty surprises still coming on the tax front
• Debt settled for consideration other than cash
• #Feesmustfall #Budget2017 #Gradtax?
• Share buy-back transactions
• Increased dividends tax:  A tax on South African individuals
• Radical economic transformation:  Did Budget 2017 meet COSATU’s expectations regarding tax changes?
• Personal income tax
• Multinational Enterprises under the spotlight in Budget 2017: Transfer pricing