The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers. Budget2020
, the government has not proposed an overall tax increase for the next year. South Africans can, however, expect fuel levy increases, Road Accident Fund levy increases, increase on tobacco and alcohol taxes, and an increase on the plastic bag levy.
Corporate tax remains at 28%, a level Mboweni said he would like to change. In a closed media briefing he tabled the budget in Parliament on Wednesday, Mboweni said the volatile economic environment is not conducive for a corporate tax cut. “If we get all our ducks in a row, we should be in for a possible tax reduction in the future,” he said.
• Increasing excise duties on alcohol and tobacco by between 4.4% and 7.5%. E-cigarettes are currently not taxed in South Africa, although they contain nicotine. The government says that it intends to tax them in 2021.
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