OrbitaxSouth Africa's Budget for 2021 Presented in Parliament Including Proposal for Corporate Tax Rate Reduction
|Proposed Changes|South Africa
On 24 February 2021, the South African Minister of Finance presented the Budget for 2021 in parliament. As announced in the budget speech, the main tax proposals include:
- A reduction in the corporate income tax rate to 27% with effect from 1 April 2022, along with the broadening of the corporate income tax base by limiting interest deductions and assessed losses;
- An increase in the personal i…
