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News & Press: National budget

Full budget speech

Friday, 01 March 2013   (0 Comments)
Posted by: SAIT Technical
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Finance Minister Pravin Gordhan delivered the 2013 National Budget Speech in Parliament on Wednesday 27 February 2013.

Personal income tax relief of R7 bn was announced along with tax relief for small business corporations.

The medical scheme fees tax credit amounts have also been marginally increased.

Carbon tax will become effective on 1 January 2015.

Please click here to download the full Budget Speech.



Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

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