South Africa's National Treasury issued a media statement on 16 January 2023 regarding the publication of the country's 2022 tax acts in the Official Gazette, including:
- Rates and Monetary Amounts and Amendment of Revenue Laws Act (19 of 2022)
- Taxation Laws Amendment Act (20 of 2022)
- Tax Administration Laws Amendment Act (21 of 2022)
Some of the main changes include the following:
- The personal income tax brackets and rebates are adjusted by 4.5%, in line with inflation, with the annua…