The Finance Bill 2026 plans to adjust excises and VATs on fuels, mobile phones, tobacco, alcohol, among other products, in order to reduce the burden in some areas while at the same time increasing the levy on others. Road Maintenance Levy Fund Act will be changed to ensure the allocation to the Annuity Fund decreases
The National Treasury has moved to calm growing public concern over the controversial tax proposals in the Finance Bill, 2026. In a press release issued on May 25, 2026, the Treasury said public debate around the Bill had mixed current proposals with withdrawn measures from previous finance laws, especially the rejected Finance Bill, 2024. “The