Africa: Budget 2015 - South Africa Raises Income Tax

South African taxpayers will be paying more taxes on their personal incomes to help the government raise revenue, Finance Minister Nhlanhla Nene told Parliament during his 2015 Budget speech on Wednesday.

Taxpayers will pay an extra percentage point more personal income tax to enable the government to raise an extra R12-billion this year, and another R15-billion in 2016.

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