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SA Budget (24 Feb): Tax expectations (1/2)

SOUTH AFRICA

SA Budget (24 Feb): Tax expectations

  • Tax expert says he does not expect major tax increases or new taxes from Mboweni with the tax base severely under pressure - anticipating more borrowing
  • Treasury is unlikely to step beyond goals of raising R5 billion in additional tax revenue this year & can accomplish goals through standard tax margin adjustments
  • around one percentage point below inflation. Primary reason being positioning above the peak of the laffer curve.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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