On 21 February 2018, South Africa's Finance Minister Malusi Gigaba presented the Budget for 2018 in Parliament. The main tax proposals include: An increase in the value-added tax rate from 14% to 15% from 1 April 2018; A below inflation increase in the personal income tax rebates and brackets from 1 March 2018 as follows: up to ZAR 195,850 - 18% ZAR 195,851 up to 305,850 - 26% ZAR 305,851 up to 423,300 - 31% ZAR 423,301 up to 555,600 - 36% ZAR 555,601 up to 708,310 - 39% ZAR 708,311 up to 1,500,000 - 41% ZAR 1,500,001 and above...