BUDGET SPEECH 2013 – TAX CONSIDERATIONS

Tuesday, March 05, 2013
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On 27 February 2013, taxpayers eagerly tuned in to listen to Minister Pravin Gordhan’s annual budget speech for the 2013 financial year (“the Budget”). There were rumours of possible increases in the income tax or VAT rates to raise revenue for government programs. Fortunately, the proposed changes were not as dramatic, but the Minister did state that significant changes are expected in years to come.

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