South African Minister of Finance Pravin Gordhan has delivered the 2016 Medium Term Budget Policy Statement (MTBPS) and tabled the 2016 amendment bills before parliament. The MTBPS sets out the economic context, the trends in revenue and debt, and the framework of spending plans. The amendment bills give effect to the measures announced as part of the main budget delivered in February, including: The special voluntary disclosure program, which already commenced 1 October 2016; Adjustments to the individual income tax brackets and tax brackets for qualifying small companies; Measures to prevent tax avoidance through the use of trusts; Refinement of...