n Tax Breaks Newsletter - Taxing issues




The words of the old cliché that goes "The Lord giveth, and the Finance Minister taketh away" may seem trite, but they certainly ring true for new Finance Minister Nhlanhla Nene's maiden Budget speech to Parliament on 25 February 2015. While Nene has made some small concessions in adjusting the rebates and medical tax credits, increasing the duty-free threshold on property transfers, and tweaking the small business tax regime, for the most part this Budget reads "Nene taketh away".


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