Johan joined STBB in 2013 and works in the Cape Town office where he specialises in tax structuring and commercial drafting.

Newsflash | 2018 Budget News

Minister of Finance, Mr Gigaba, delivered the National Treasury’s budget for 2018/2019 this afternoon. The following amendments stand out:

  • VAT increases from 14% to 15% on 1 April 2018.
  • Estate duty increases from 20% to 25% on dutiable portion of estates of more than R 30 million.
  • Donations Tax increases from 20% to 25% on amounts donated in excess of R30 million.
  • The fuel levy increases with 52c per litre.
  • The transfer duty threshold remains at R900 000.
  • Increase in the ad-valorem excise duty rate on luxury goods (motor vehicles, electronics etc.) from 7 % to 9%

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