On 21 February 2018, South Africa's Finance Minister Malusi Gigaba presented the Budget for 2018 in Parliament. The main tax proposals include:
- An increase in the value-added tax rate from 14% to 15% from 1 April 2018;
- A below inflation increase in the personal income tax rebates and brackets from 1 March 2018 as follows:
- up to ZAR 195,850 - 18%
- ZAR 195,851 up to 305,850 - 26%
- ZAR 305,851 up to 423,300 - 31%
- ZAR 423,301 up to 555,600 - 36%
- ZAR 555,601 up to 708,310 - 39%
- ZAR 708,311 up to 1…