Chris Axelson acknowledges budget trade-offs as VAT set to reach 16%
The proposed 2025 budget will put lower-income households under pressure, says Treasury’s acting head of tax and financial sector policy
19 March 2025 - 10:15
Lower-income households will feel the weight of the proposed 2025 budget, Chris Axelson, acting head of tax and financial sector policy at the National Treasury said on Tuesday.
However, he explained that it was a sensitive balancing act — where gains in one area come with losses in another...
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