The Minister of Finance on 20 February 2019 delivered the budget speech for 2019, and while the 2019 budget proposals would not increase taxes in any category, it is proposed to increase tax collection by not adjusting for inflation and by improving the efficiency of SARS.
The budget speech proposals include the following:
Read a February 2019 report [PDF 124 KB] prepared by the KPMG member firm in South Africa
Read a tax guide 2019-2020 [PDF 622 KB] prepared by the KPMG member firm in South Africa to provide the tax rates and an overview of the tax regime in South Africa
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.