Finance Minister Malusi Gigaba delivered his maiden national budget address on February 21 2018. Over the past few years, KPMG had predicted an increase in the value-added tax (VAT) rate, and the key tax proposal in this budget was that, for the first time since 1993, South Africa would increase the VAT rate. Key highlights The national Treasury aims to bring in an additional R36bn of tax revenue through the following key tax proposals:

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