The Minister of Finance on 24 February 2023 “re-tabled” the 2023 budget, which includes various indirect and income tax proposals. The budget was originally tabled in October 2022.
One proposal would introduce a new tax in 2023 on luxury goods. It was also proposed that the voluntary disclosure and amnesty programme for indirect tax that ended on 30 September 2022 be re-introduced for the period 1 June 2023 to 31 May 2024.
In addition, there are a number of proposals in relation to duties and sales tax exemptions for electric vehicles, nicotine gum and nicotine patches, among others, as well as studio and filming production equipment.
Source: KPMG
