CORPORATE TAX
Godongwana goes easy on the company tax bill
There’s definitely more give than take in this year’s budget when it comes to corporate South Africa
23 February 2023 - 09:00
As widely expected, there were no major tax proposals in this year’s budget.
The corporate tax rate will shift down to 27% (from 28%) from April 1 this year. Expectations are that the tax rate should ratchet down to 25% in the medium term — though this was not specifically addressed in finance minister Enoch Godongwana’s budget speech. ..
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