Deloitte House View on the 2007 BudgetDOWNLOAD
Contact: Lunice Johnston
Corporate Communications Consultants (Pty) Ltd
+27 11 783 8926
As expected the budget speech delivered by Finance Minister Trevor Manuel did not contain any dramatic changes and the overrun in last year’s revenue collection enabled him to once again ease tax thresholds slightly.
One of the more significant, and pleasant proposals was the replacement of the secondary tax on companies of 12.5% to a dividends tax of 10%.