
Minister can increase the fuel levy without parliamentary process
The Full Bench provides its reasons for dismissing the EFF’s attempt to halt the Minister of Finance’s decision to increase the general fuel levy.

The Full Bench provides its reasons for dismissing the EFF’s attempt to halt the Minister of Finance’s decision to increase the general fuel levy.

In addition to foreign pensions and trust income, the measures affect death benefits, child maintenance, capital distributions by unit trusts, and assessed losses.

The proposed blanket exemptions for goods and services supplied by schools will force VAT-registered schools to deregister and lose input-tax recovery.

An inflation-linked rise in the general fuel levy will in no way be sufficient to plug the revenue hole left by scrapping the two VAT increases.

The revised Budget reveals the hard truth: with limited borrowing room and rising demands, Treasury must make tough calls on what to fund – and what to cut.

The Budget Overview outlines plans to overhaul public spending processes, aiming to identify inefficiencies.

A phased VAT increase and frozen tax brackets mean South Africans will pay more, while concerns grow over government spending and economic stagnation.

A comprehensive round-up of the tax proposals affecting individual taxpayers and consumers.

The VAT hike could add R58bn to government revenue, but with coalition partners clashing over its impact on ordinary South Africans, the debate over how to fund critical services without deepening the cost-of-living crisis is far from settled.

A postponed Budget Speech means uncertainty for taxpayers, but the VAT hike and personal income tax adjustments offer insight into the government’s fiscal strategy.