National Budget 2021 Behind The Tax Cuts

South Africans could afford a slight sigh of relief as finance minister Tito Mboweni outlined a national budget for 2021/2022 that included tax cuts for both consumers and business in his 24 February Budget Speech.

Less than a year ago, the Medium-Term Budget Policy Statement (MTBPS) outlined the need to increase taxes by R40 billion over ➤