Taxation of individuals simplified textbook 2018

Taxation of individuals simplified textbook Stage one of the budgetary cycle is sub-divided into eight stages: • Stage 1 – The Fiscal Framework and policy prioritisation • Stage 2 – National and provincial inputs • Stage 3 – Review of the macro-economic and fiscal framework and the division of revenue • Stage 4 – Combining national and provincial MTEFs • Stage 5 – Budget Council recommendations • Stage 6 – Extended Cabinet discussion • Stage 7 – Finalising ...