What is Bracket creep? Tax expert explains

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Finance Minister Enoch Godongwana delivered his maiden Budget Speech and one of the main changes that can affect your pocket is the change in tax brackets. WR Van Der Merwe spoke to Mike Teuchert - National Head of Taxation Services at Mazars to find out how it works

Photo by Karolina Grabowska from Pexels
25 Feb 2022 English South Africa Business · Business News

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Sin tax, TFSA and personal income tax - Quick picks from the 2026 Budget Speech

In the 2026 Budget Speech, Finance Minister Enoch Godongwana outlines key tax changes affecting South Africans, including sin tax increases on alcohol and tobacco, adjustments to personal income tax brackets and rebates, and a higher VAT registration threshold from R1 million to R2.3 million. The budget also raises the tax-free…
25 Feb 1 min