CORPORATE TAX: Cut will come, just not yet
Economists were sceptical, but Godongwana has followed up on Mboweni’s hint from last year’s budget
24 February 2022 - 11:30
The government will deliver on its earlier commitment to cut corporate taxes — a move that happily coincides with news that tax collected from SA businesses will rocket in the 2021/2022 tax year.
The Budget Review — released on Wednesday — reiterated the notion, first aired in last year’s budget speech by former finance minister Tito Mboweni, that the corporate income tax rate will be reduced from 28% to 27%...
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