Budget Speech 2020: 'Hubbly bubbly' to be taxed, steep hikes for cigarettes and alcohol

BudgetSpeech2020: 'Hubbly bubbly' to be taxed, steep hikes for cigarettes and alcohol

CAPE TOWN – While Finance Minister Tito Mboweni announced some real income tax relief, there was no such luck for others, particularly fans of the "hubbly bubbly or hookah pipe", despite repeated calls for relief from this sector.

The Minister said there would be a renewed focus on illicit and criminal activity, including noncompliance by some religious public benefit organisations. “Despite this increase, the liabilities of the RAF are forecast to exceed R600 billion by 2022/23. We need to take urgent steps to reduce this risk to the fiscus and bring about a more equitable way of sharing these costs. One option is to introduce compulsory third-party insurance.

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