Update – South Africa’s 2025 VAT Changes: Legal Challenges and Business Implications
The South African National Treasury has officially announced the withdrawal of the proposed VAT increase
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The South African National Treasury has officially announced the withdrawal of the proposed VAT increase
South Africa is set to implement a phased increase in its Value-Added Tax (VAT) rate, aiming to bolster government revenue and address fiscal challenges.
We are now well into the changes that have resulted from that Grey Listing, the expansion of the reach of Financial Intelligence Centre, the additional information requirements from the Master of the High Court regarding Trusts, amendments to section 55 of the General Laws Amendment Act, amendments to the Companies Act and Regulations and last, but certainly not least, changes to information required by SARS.
Who can claim the incentive?
Individuals who pay personal income tax can claim the rebate against their tax liability. This rebate is not intended for solar installations at business premises.
No massive changes in the coming tax year beyond: Personal Income Tax Personal Income Tax […]
As you are all aware the POPI Act finally comes into effect in July this year.
Adobe Flash has officially ended the support of the Adobe Flash product lineup. This has meant the institutions that use the products have needed to update their systems accordingly.
SARS has recently announced the relevant dates in respect of the 2020 filing season for individuals.
There are some significant procedural changes this year, most noteworthy of which is the new auto-assessment procedure for non-provisional taxpayers.
The fact that SARS branches may not be visited without an appointment is also important for those taxpayers who must visit a SARS branch in order to submit their tax returns.
Spring Day, the new date for SARS Individual Filing Season 2020
No massive changes in the coming tax year