I don’t want to bore you with the finer details of Mr Gordhan’s recent budget speech. But I do want to highlight five of the things he mentioned, because they’ll mean higher taxes for you and me.

Turnover tax is a relatively new tax (it’s only been available to small businesses in South Africa for about a year). SARS implemented this new tax system to try and reduce the administrative burden on small businesses in South Africa.

Sandy Nienabar, an East London businesswoman, has become quite a celeb. In a desperate attempt to get her tax refund, Sandy chained herself to a chair in her local SARS office. Normally, I’d say Sandy was being a bit melodramatic. But seeing as SARS has owed her no less than R140 000 (since 2008), I think she’s actually being very nice about the whole thing.

One of my subscribers, Anton, wrote in with a query about last week’s bulletin, which mentioned that any rental income you earn during the 2010 World Cup may incur a hefty tax bill (and push you as the lessor into another tax bracket altogether). Anton wanted to know if he chose to do this, would he indeed pay higher tax on his year’s salary as a whole, or just on the income he earned from the rental.

We asked our tax consultants for their pick of the tax issues that will have the greatest (or most dramatic) impact on taxpayers in the next few months. Here are six of these tax law changes, and how they’ll impact you

You’re hoping to claim tax deductions and allowances on a flat, since you’ll need to spend some money fixing it up, and finding a tenant. But will your investment become a financial liability and a red-flag for the tax auditor?