Motorists will see an increase of 25cents per litre in the fuel levy, which consists of 16 cents per litre in general fuel levy and 9 cents increase in the Road Accident Fund levy .
The government will also introduce new excise duty on sub heated and heated tobacco products, including e-cigarettes- this will be taxed at a rate of 75% of the cigarette excise rate with immediate effect. There will also be an increase in the annual contribution limit to tax-free saving accounts by three thousand Rands from first of March this year.The budget showed that the economy is in deep, deep trouble.
Of which 6 billion is going down the SAA toilet
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Fonte: IOL - 🏆 46. / 51 Leggi di più »