GOVT INCREASES TAX FREE THRESHOLD
GOVERNMENT has extended a huge lifeline to employees after
increasing the tax-free threshold to $3 500 with effect from August 1, 2019, in
order to improve disposable incomes in the face of price increases.
This comes as the highest tax rate on ta…
GOVERNMENT has extended a huge lifeline to employees after
increasing the tax-free threshold to $3 500 with effect from August 1, 2019, in
order to improve disposable incomes in the face of price increases.
This comes as the highest tax rate on taxable income has
been reduced from 45 percent to 40 percent, to free up some money which could
be channelled towards consumption and potential