Tag: 45% hike

National Treasury to enforce 45% tax hike
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National Treasury to enforce 45% tax hike

Deputy finance minister Mcebisi Jonas says Treasury has to maintain the progressive of the tax classification by asking the rich to pay more. Jonas says The National Treasury has no choice but to enforce 45% tax increase toward high income earners. During a Budget speech, Finance Minister Pravin Gordhan revealed that the main challenge in 2017 […]