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A joint publication between National Treasury and South African Revenue Service
1. Ministers message
4. Social grants
4. Sugar tax
OUR COMMITMENT TO
PLACE THE ECONOMY
ON THE RIGHT PATH
CONTENTS
In February of each year, the Finance Minister tables the national budget, whereby he announces governments spending, tax and borrowing
plans for the next three years. The national budget divides money between national departments, provinces and municipalities.
Government will
be partnering
with the private
sector to invest
in infrastructure
projects,
entrepreneurship,
skills development
projects and the
independent
power producer
programme will
increase power
supply
billion in 2018/19. An additional
R48 billion in tax revenue will be
raised over the next three years by
adjusting tax and improving tax
collection.
Although the spending ceiling will
be lowered, it will still be growing
moderately. Social grants have
been protected, and core social
RSA Budget
#Budget2016
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PROTECTING
SOCIAL
GRANTS
AGAINST
RISING
INFLATION
MEASURES TOWARDS
REALISING FASTER
ECONOMIC RECOVERY
overnment is committed to
raising growth rates over
the medium and long term.
Success will depend on marshalling
the active support of business,
labour and civil society for the
National Development Plan.
Key areas of intervention include:
Focusing on electricity supply:
Electricity has been the main
constraint to faster economic
growth. Government is therefore
focusing on measures to increase
electricity supply and building
infrastructure to encourage
investment and create jobs. Over
the next 3 years, Eskom will invest
R157 billion to expand electricity
generating capacity.
Infrastructure building is
essential for encouraging
investment, creating jobs
and developing the right
environment for the economy
to grow rapidly. In line with the
National Development Plan, the
2016 Budget prioritises spending
on infrastructure. Over the next
three years, government has
committed R796 million towards
investment in housing, roads,
public transport, water and
electricity.
A total of R121.5 billion has been
allocated for water and sanitation.
The Department of Water and
Sanitation will continue to focus
SOCIAL
GRANTS
2015/16
2016/17
R 1 505
R 1 525
R 1 525
DISABILITY GRANT
R1 415
R 1 505
R890
R 1 505
R350
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Other
R153.7 Bn
Basic Education
TAX REVENUE
R228.8 Bn
Social
Protection
R167.5 Bn
General
Public Services
R73.7 Bn
Human
Settlement
and Municipal
Infrastructure
441.0
37.5
198.3
16.9
VAT
301.3
25.6
54.0
4.6
FUEL LEVIES
64.5
5.5
OTHER
115.7
9.8
TOTAL
1174.8
100.0
HOW IT
WILL BE
SPENT
400
300
200
100
0
VAT
R168.4 Bn
Defence, Public
Order and Safety
R181.5 Bn
R238.4 Bn
Customs &
excise duties
Fuel levies
Other
Post-School Education
and Training
R68.7 Bn
500
Corporate
income tax
Health
R182.6 Bn
2016/17
Personal
income tax
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TAX RATES
BUDGET TAX
PROPOSALS
TAX THRESHOLDS
Below age 65
R73 650
R75 000
Age 65 to 74
R114 800
R116 150
R128 500
R129 850
R270
R286
R181
R192
TAXABLE INCOME
OF INDIVIDUALS (R)
SIN TAXES
SUGAR TAX
RISE IN TOBACCO
AND ALCOHOL DUTIES
SUGAR-SWEETENED
BEVERAGES TAX
Obesity is a worldwide concern. South Africa has the worst obesity ranking in
sub-Saharan Africa. This has led to greater risk of heart disease, diabetes and
cancer. Government proposes to introduce a tax on sugar-sweetened beverages
on 1 April 2017 to help reduce excessive sugar intake.
Malt beer
Unfortified wine
Fortified wine
Sparkling wine
Ciders and alcoholic fruit beverages
Spirits
Cigarettes
Cigarette tobacco
Pipe tobacco
Cigars
Tax payable by individuals for the tax year ending 28 February 2017.
0 to 188 000
188 001 to 293 600
293 601 to 406 400
406 401 to 550 100
550 101 to 701 300
701 301 and above
Trusts other than
special trusts
INCREASES BY:
11c per 340ml can
18c per 750ml bottle
27c per 750ml bottle
59c per 750ml bottle
11c per 340ml bottle
R3.94 per 750ml bottle
82c per packet of 20
94c per 50g
27c per 25g
R4.32 per 23g
FUEL LEVY
INCREASE IN
GENERAL FUEL LEVY
The general fuel levy will increase by 30c per litre on 6 April 2016. This will
push up the general fuel levy to R2.85 per litre of petrol and to R2.70 per litre
of diesel.
www.sars.gov.za
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