Tax & Spend
Winners and Losers in South Africa’s Reworked Budget
- South Africa Treasury to raise VAT, taxes on alcohol, tobacco
- Income-tax brackets will not be adjusted for inflation
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South African Finance Minister Enoch Godongwana cut spending and adjusted the tax mix in a revised budget that was presented to lawmakers on Wednesday, three weeks after the nation’s coalition government rejected his initial plan.
Here’s a rundown of how you may be impacted: