PKF Tax Budget Analysis 2023
As he prepares for this year's budget speech, Finance Minister Enoch Godongwana has quite a task ahead of him. As a result of loadshedding, our economy has been hit hard and our infrastructure is deteriorating.
SARS also faces significant pressure to commence audits on taxpayers and to implement new legislation to reduce the tax gap. To obtain an indication of the government's priorities, we will be waiting with bated breath to hear how the revenue will be allocated to various government initiatives.
Eskom and loadshedding woes took centre stage in a budget where tax rates are set to remain largely the same (other than for inflationary related adjustments to personal income tax tables and excise taxes). In this recording, Paul Gering unpacks the 2023/2024 Budget and its impact on your business.