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4 THINGS that caught my eye in the BUDGET SPEECH 2022
February 24, 2022

4 THINGS that caught my eye in the BUDGET SPEECH 2022

1. ETI benefits increase with 50% from R 1,000 to R 1,500 per month. Game changer TAX HACK

2. Reduction in the corporate tax rate from 28% to 27%, including the SBC tax scales. Effective from years ending after 31/03/2023

3. Personal income tax tables has been adjusted for inflation, with the Income Tax Threshold for individuals at R 91,250

4. I welcome this one! Plastic Bag Levy will be increasing by 3% to 28% from 01/04/2022. What a perfect reason to start looking after mother nature!

For the quick 120 Seconds Video:

https://youtu.be/Je-c9YnlH-Q


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Blessings,

Jasper Basson
Dryk Holdings (Pty) Ltd

Member of Institute of Accounting & Commerce.
Member of South African Institute of Tax Practitioners.
Practice AO 652 993.





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