Cape Town - Individuals will benefit from R7bn in personal
income tax relief, together with adjustments to the medical tax credit and
other monetary thresholds amounting to about R350m, Finance Minister Pravin
Gordhan announced on Wednesday.
Tabling his 2013 Budget in the National Assembly, he said
that over the past decade the tax base has been steadily broadened, both
through policy reforms and improved revenue administration.
This has made substantial tax relief possible, contributing
both to household disposable income and a lower cost of doing business.
Use our Tax Calculator to see how much money you'll save.