Post-Budget Speech: Economic and Tax Analysis
Presenters : Dawie Roodt , Prof. Jackie Arendse
Overview
The Annual Budget Speech is always a red-flag day in the financial world as the speech contains important announcements on legislative tax changes and any planned tax policy changes. In 2023, we are awaiting further indications of any possible changes regarding wealth taxes, fuel taxes, the carbon tax and the new ‘two-pot’ retirement system, amongst other fiscal measures. In the face of ongoing economic challenges, the key questions include:
- How will the finance minister balance the budget?
- Are tax increases inevitable?
- How will the finance minister bring government debt under control?
- Is there any possibility of relief for small businesses and households facing spiralling interest rates and inflation?
- What about wealth taxes and environmental taxes?
- How will the proposed 2023 tax amendments affect your business and your personal finances?
Competencies developed in this video
- 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 2023/2024 tax year.