Finance Minister Enoch Godongwana announced during his 2026 Budget speech on February 25 that a R20-billion tax increase that was previously earmarked for the 2026 Budget has been withdrawn and personal income tax (PIT) brackets, as well as medical tax credits, will be fully adjusted for inflation after two years of no inflationary relief. Tax thresholds and limits will also be adjusted for the impact of inflation to assist small businesses and provide overall relief to taxpayers.
