Unlocking Budget 2013/14
Simplicity from Complexity
Slowing domestic growth, a shortfall in the collection of individual taxes and company taxes and strike action in key economic sectors will prevent Government introducing tax cuts to provide economic stimulus and could leave SARS having to adapt their tax collection focus in 2013.
The pressure is on SARS to collect as much tax as possible. Given that the tax collection estimate for 2012/13 had to be adjusted downwards by R5 billion, and that it may not be feasible to introduce more cost-cutting strategies, Government will have little option but to examine other avenues to collect tax revenues as increased tax rates in this environment will not be popular
Deloitte will provide insights from leading Tax and Economic experts around Budget 2013/14. We unlock the numbers and provide real insights into what they mean for your business, ensuring you are always at the forefront of South Africa’s most dynamic tax and economic issues.
We look forward to sharing our insights on the Budget with you on 27 February 2013.
Commentary on Tax Proposals announced in the 2013/14 Budget Speech by Nazrien Kader
With so much nervousness around whether Minister Gordhan would announce any significant increases in tax rates, it is fair to say that the Budget 2013/14 presentation will probably go down in history as the most ‘uneventful’.
Budget 2013/2014 Infographic
Click here to view the infographic - 2013/2014 Budget
Budget related information
Izel du Plessis - Topic: Corporate Tax Rate Changes
Billy Joubert - Topic: New Transfer Pricing Rules start to bite
Alex Gwala - Topic: Possible Introduction of Rent Resources Taxes
Kay Walsh - Topic: Debt Sustainability
Contacts
Budget 2013/2014 consolidated commentary
- Exchange Control announcements – Budget 2013/14
- Personal Income Tax
- Carbon tax and energy
- Grants incentives
- International Tax
- Administrative issues and other taxes
- VAT
- Customs Duties
- Company tax
- Quick Tax Guide 2013/2014
- Consolidated Commentary
Pre-Budgetary commentary
- Medium Term Budget Review – 25 October 2012
- Furniture Import rebates
- Impact of Witholding Taxes on Africa FDI
- Inbound intra-group loans
- Increase in VAT rate not a free lunch
- NHI Expectations
- Transfer Pricing Considerations
- Claiming back VAT on BEE and CSI expenses
- Effectiveness of Double Taxation Agreements
Follow us
Please support us by following and retweeting the tax directors, listed here, on Budget day:
- Deloitte SA: @DeloitteSA
- Nazrien Kader: @nazrienkader
- Izel Du Plessis:@IzelduPlessis
- Louise Vosloo: @LouiseVosloo
- Billy Joubert: @billyjoubert
- Severus Smuts: @severussmuts
- Jacqui Wierzbowski: @Jaxwierzbows
- Suzanne van der Merwe: @SuzannevdMerwe
- Ashleigh Theophanides: @ashleightheophanides
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