The South African National Treasury released a media statement on 18 January 2019 announcing that the President has signed into law the three 2018 tax bills implementing the tax proposals unveiled by the Minister of Finance in the annual National Budget Speech delivered on 21 February 2018. These include: The Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2018 (Act No. 21 of 2018), which includes changes in tax rates and monetary thresholds and excise duties on alcoholic beverages and tobacco products, as well as an increase in the VAT rate from 14% to 15% (already implemented); The...