The Budget for 2013-14 was presented to Parliament by the Minister of Finance. Details of the Budget are summarized below. Unless otherwise indicated, the corporate taxation measures apply from 1 April 2013, while the personal taxation measures apply from 1 March 2013. (a) Corporate taxation -   Proposal to increase the turnover threshold and revise the graduated rate structure for small business corporations as follows: Amount(ZAR) Rate (%) up to   67,111 0 67,112 - 365,000 7 365,001 - 550,000 21 over - 550,000 28