Withdrawing the VAT increase is good news for business, but …
Last week it was still all systems go for the VAT rate to increase to 15.5% on 1 May 2025. This morning South African businesses and consumers woke up to the news that Finance Minister Enoch Godongwana has withdrawn the proposed increase of 0.5 percentage points.
South African Companies Go Global – But Don’t Forget the Exchange Control Rules Back Home
With more and more South African companies eyeing growth beyond our borders, international expansion is becoming an exciting reality. Whether it’s tapping into foreign markets, acquiring offshore assets, or collaborating with related entities abroad, there’s a world of opportunity waiting. But as with most good things, there are a few key regulatory considerations that need […]
NPOs should not risk their S18A status, leaving their donors in the lurch
If you are a Section 18A approved non-profit organisation (NPO) that relies on donations, you already know how important it is for donors to claim tax deductions on their contributions. But did you know that failing to submit your IT3(d) forms on time, or making errors in the process, could put your S18A status at risk and leave your donors in the lurch?
VAT Victory: Tax Court Sides with Legal Practitioners’ Fund in R150m Showdown with SARS
The Tax Court has handed down a pivotal judgment in Fund v SARS (VAT 22558) [2025] ZATC CPT, confirming that the Legal Practitioners Fidelity Fund (“the Fund”) is entitled to deduct input Value-Added Tax (VAT) on over R150 million in professional indemnity insurance premiums.
SARS invokes Sections in Tax Law to make your worst fears come true – Judge confirms Constitutional Validity
It is well within the powers of the South African Revenue Services (SARS) to limit a taxpayer’s right to travel outside the Republic. A section in the Tax Administration Act (TAA) has a provision whereby a senior SARS official can even require for “the taxpayer to surrender his or her passport to SARS”.