South Africa’s Minister of Finance delivered the 2020 Medium Term Budget Policy Statement on 28 October 2020.

Key tax highlights from the reading include:

• No new tax proposals were introduced. The Government continues to project R5 billion (b) of tax increases in 2021/22.
• The current year’s tax revenue is projected to be R8.7b lower than the June budget estimate. Gross tax revenue will be 1…