On 24 February 2021, the South African Minister of Finance presented the Budget for 2021 in parliament. As announced in the budget speech, the main tax proposals include: A reduction in the corporate income tax rate to 27% with effect from 1 April 2022, along with the broadening of the corporate income tax base by limiting interest deductions and assessed losses; An increase in the personal income tax brackets by 5% with effect from 1 March 2021, resulting in the following brackets rates: up to ZAR 216,200 - 18% over ZAR 216,200 up to 337,800 - 26% over ZAR 337,800...