#Budget 2023 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

The most notable are changes to the definition of ‘foodstuffs’, as well as the requirements for applying for registration and claiming refunds.

Grey areas remain when it comes to the rebate for residential solar panels.

The impact of the 10% adjustment to the lump-sum retirement benefits table may be less than you think.

And the definition of ‘manufacturing premises’ means businesses that make and sell food in the same building are excluded.

Grey-listing reduces a country’s GDP growth by between 0.5% and 1.5%, says economist Iraj Abedian.

The incentive applies only to the panels themselves and body corporates are not eligible.

National Treasury signals its opposition to higher tax rates.

Taxable income bands in the withdrawal tables adjusted by 10%.

And the bounce-back loan-guarantee scheme will be reworked to help small businesses finance renewable energy projects.

Outstanding issues will be finalised later this year.

The jury is still out on National Treasury’s projected debt stabilisation over the medium term.

Threshold raised by R100 000.

General fuel levy and RAF levy to stay the same.

And a bitter-sweet decision regarding the ‘sugar tax’.