TWO moderate tax measures could be implemented to raise the additional tax of about R15 billion needed to stabilise public finances that are under strain, says commercial law firm Cliffe Dekker Hofmeyr spokesperson Louis Botha.
During the 2023 Medium-Term Budget Policy Statement (MTBPS), the National Treasury said Finance Minister Enoch Godongwana would propose tax measures to raise the additional revenue in 2024/25 in the 2024 Budget.
It is not clear exactly how the money will be raised.
