The Annual Budget Speech is the most anticipated event on the financial calendar and even more so this year, in a period of unprecedented challenges brought about as a result of the Covid-19 pandemic. Furthermore, the economic pressures caused by the Covid-19 lockdowns and travel restrictions only served to exacerbate the pre-existing fundamentals in the form of the spiralling levels of government debt, the ever-widening budget deficit, a stagnant economy and a shrinking tax base. All of these factors make it extremely difficult to ‘balance the budget’.
How will Minister Mboweni address this? There is much speculation about fiscal policy and possible changes to the tax system and it remains to be seen what actions the Minister will announce. As taxes have a critical impact on taxpayer’s profits and take-home pay, these announcements will have an important impact on financial and business decisions.
The 2021 Annual Budget and Tax Update will unpack the tax proposals announced in the Budget Speech to enable attendees to understand the full impact of these changes. In the webinar, Professor Jackie Arendse will explain the proposals in a practical and comprehensible manner so that attendees can understand how to apply the amendments and the impact on business and personal finances.
This webinar is a significant, must-attend event on the calendar of tax practitioners, accountants and bookkeepers everywhere.