South African consumers have the South African Revenue Service to thank for the fact that their income tax burden will not increase for the 2023/24 tax year.
So says Emil Brincker, director and head of tax and exchange control at Cliffe Dekker Hofmeyr (CDH), who was speaking at the law firm’s post-Budget webinar on Wednesday evening. He reckoned that had SARS not brought in more revenue than expected, the government may have been forced to increase tax rates.
The SARS figures are impressive. According to Finance Minister Enoch Godongwana in
