{"id":21902,"date":"2021-02-24T15:05:16","date_gmt":"2021-02-24T13:05:16","guid":{"rendered":"https:\/\/stbb.co.za\/dev2\/?p=21902"},"modified":"2021-02-24T16:27:29","modified_gmt":"2021-02-24T14:27:29","slug":"stbb-newsflash-2021-budget-news","status":"publish","type":"post","link":"https:\/\/stbb.co.za\/dev2\/stbb-newsflash-2021-budget-news\/","title":{"rendered":"Newsflash | 2021 BUDGET NEWS"},"content":{"rendered":"<p>Earlier this afternoon the Minister of Finance, Mr Tito Mboweni, delivered the National Treasury\u2019s budget for 2021\/2022.<\/p>\n<p><strong>The following stands out:<\/strong><\/p>\n<ul>\n<li>Capital Gains Tax effective rates remain unchanged:<\/li>\n<li style=\"list-style: none;\">Individuals and special trusts &#8211; 18%<\/li>\n<li style=\"list-style: none;\">Companies &#8211; 22.4%<\/li>\n<li style=\"list-style: none;\">Other trusts &#8211; 36%<\/li>\n<li>Estate Duty remains unchanged at 20% on the first R30 million, and 25% for the amount above R30 million.<\/li>\n<li>Withholding tax remains unchanged at 7,5%, 10% and 15% on the sale of immovable property by a non-resident.<\/li>\n<li>Income tax thresholds have increased to:<\/li>\n<li style=\"list-style: none;\"><\/li>\n<li style=\"list-style: none;\">Taxable Income (R)\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Rate of Tax (R)<\/li>\n<li style=\"list-style: none;\">1 \u2013 216 200\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a018% of taxable income<\/li>\n<li style=\"list-style: none;\">216 201 \u2013 337 800\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 38 916 + 26% of taxable income above 216 200<\/li>\n<li style=\"list-style: none;\">337 801 \u2013 467 500\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 70 532 + 31% of taxable income above 337 800<\/li>\n<li style=\"list-style: none;\">467 501 \u2013 613 600\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 110 739 + 36% of taxable income above 467 500<\/li>\n<li style=\"list-style: none;\">613 601 \u2013 782 200\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 163 335 + 39% of taxable income above 613 600<\/li>\n<li style=\"list-style: none;\">782 201 \u2013 1 656 600\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0229 089 + 41% of taxable income above 782 200<\/li>\n<li style=\"list-style: none;\">1 656 601 and above\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0587 593 + 45% of taxable income above 1 656 600<\/li>\n<li style=\"list-style: none;\"><\/li>\n<li>The general fuel levy increases by 15 cents per litre, and the road accident fund levy increases by 11 cents per litre on 7 April 2021.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this afternoon the Minister of Finance, Mr Tito Mboweni, delivered the National Treasury\u2019s budget for 2021\/2022. The following stands out: Capital Gains Tax effective rates remain unchanged: Individuals and special trusts &#8211; 18% Companies &#8211; 22.4% Other trusts &#8211;<\/p>\n","protected":false},"author":36,"featured_media":2935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[137,108],"tags":[],"class_list":["post-21902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-newsflash"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newsflash | 2021 BUDGET NEWS - STBB<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stbb.co.za\/dev2\/stbb-newsflash-2021-budget-news\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Maryna Botha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/\"},\"author\":{\"name\":\"Maryna Botha\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#\\\/schema\\\/person\\\/623606b2022560795816523a4fd0bfec\"},\"headline\":\"Newsflash | 2021 BUDGET NEWS\",\"datePublished\":\"2021-02-24T13:05:16+00:00\",\"dateModified\":\"2021-02-24T14:27:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/\"},\"wordCount\":137,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/inaki-del-olmo-NIJuEQw0RKg-unsplash-1.jpg\",\"articleSection\":[\"Latest\",\"Newsflash\"],\"inLanguage\":\"en-ZA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/\",\"url\":\"https:\\\/\\\/stbb.co.za\\\/dev2\\\/stbb-newsflash-2021-budget-news\\\/\",\"name\":\"Newsflash | 2021 BUDGET NEWS - 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