Tax relief for South Africans
Individuals will benefit from R7 billion in personal income tax relief, together with adjustments to the medical tax credit and other monetary thresholds amounting to about R350 million, Finance Minister Pravin Gordhan announced on Tuesday.
Tabling his 2013 Budget in the National Assembly, he said that over the past decade, the tax base had been steadily broadened, both through policy reforms and improved revenue administration.
This had made substantial tax relief possible,...read more here: Tax relief for South Africans
