Last month\u2019s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June.<\/p>\n\n\n\n
Other tax proposals from March\u2019s Budget \u2013 including static personal tax thresholds, reduced transfer duties, and sin tax increases \u2013 remain unchanged.<\/p>\n\n\n\n
The tax measures contained in Budget 3.0 will raise an additional R18bn in 2025\/26. A further R20bn in tax measures are postponed to Budget 2026 \u2013 unless SARS collects an extra R35bn in uncollected taxes, for which Budget 3.0 allocated an additional R4bn in funding.<\/p>\n\n\n\n
Disclaimer:<\/strong>\u00a0The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for specific and detailed advice.<\/p>\n \u00a9 AccountingDotNews<\/p>\n","protected":false},"excerpt":{"rendered":" Last month\u2019s Budget 3.0 withdrew the contentious proposed VAT changes. This resulted in inflation-linked fuel levy increases of 16c for petrol and 15c for diesel, from 4 June. Other tax proposals from March\u2019s Budget \u2013 including static personal tax thresholds, reduced transfer duties, and sin tax increases \u2013 remain unchanged. The tax measures contained in […]<\/p>\n","protected":false},"author":101015,"featured_media":9529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[7,13,14,6],"tags":[],"class_list":["post-9528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-financial","category-tax"],"yoast_head":"\n