Post-Budget Speech: Economic and Tax Analysis
Presenters : Dawie Roodt , Prof. Jackie Arendse
Overview
In this Post-Budget Speech: Economic and Tax Analysis video, Dawie Roodt provides an economic analysis of the Annual Budget Speech while Prof Jackie Arendse highlights proposed tax amendments.
The Annual Budget Speech is always a key date on the financial calendar and this year had a unique focus, considering the Covid-19 pandemic, ongoing economic challenges, rising inflation, increasing unemployment, and a shrinking tax base. The SARS Statistics for 2020/21 reveal that tax revenue collections decreased R106 billion (7.8%) from the previous year, yet government spending continues to rise, along with the country’s debt service costs.
This year, the key questions are:
- How will the finance minister balance the budget?
- Are tax increases inevitable?
- What about wealth taxes... and environmental taxes?
- Will we see a decrease in company tax rates as indicated last year?
- How will the proposed 2022 tax amendments affect your business and your personal finances?
In this video, our experts unpack the proposed tax amendments and provide an economic analysis to help you navigate the impact on your business and personal finances.
Competencies developed in this CPD
After attending this webinar you will be:
- Updated with important and current changes in tax legislation introduced in the Budget Speech.
- Competent to advise clients about the impact of the latest tax amendments announced in the Budget Speech on their tax compliance and future planning opportunities.
- Able to train your staff to be prepared for implementing the latest tax amendments announced in the Budget Speech.
- Informed about topics to include in a client communique to alert you clients about the specific tax implications introduced in the Budget Speech.
- Competent to revise the tax planning strategy of clients for the 2022/2023 tax year.