• RCS Ottawa

South Africa budget targets top earners

South Africa finance minister Pravin Gordhan has announced a new top tax bracket of 45% in his 2017 budget.

The new tax bracket applies to annual incomes of more than 1.5m rand ($114,000; £91,000) and will hit around 100,000 people.

Mr Gordhan is battling weak tax receipts which, during the current financial year have been 30bn rand ($2.3bn, £1.8bn) less than expected.


Recent Posts

See All

RCS Ottawa

Basil Crozier - Chair


© 2020 By Royal Commonwealth Society Ottawa  Charity# 119128916RR0001

established 1968