Budget 2026: VAT Wasn’t Raised. It Was Re Engineered for a Modern South Africa.
While much of the early reaction to Budget 2026 focused on the withdrawal of R20 billion in previously anticipated tax increases and welcome adjustments to personal income tax, an equally significant shift has taken place within the VAT system. Rather than raising the VAT rate or increasing the tax burden, National Treasury has opted to […]
Budget 2026: Stability, Tax Relief and A Quietly Positive Shift for Taxpayers
Budget Day 2026 may have lacked drama, but beneath the surface it delivered a series of quietly positive tax developments. Rather than introducing aggressive new revenue collection measures, the National Treasury opted for stability, targeted relief and structural adjustments that favour taxpayers, savers and small businesses.
SARS’ Automatic Exchange of Information Spans Over 120 Jurisdictions – No Evasive Maneuvers for Tax Evaders!
SARS’ Automatic exchange of information (AEOI) has been upgraded, through strategic adoption of the Organisation for Economic Cooperation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF) and an updated Common Reporting Standard (CRS).
Trust Tax Registration Is a Must: SARS Allows No Exceptions
The South African Revenue Service (SARS) has made it unmistakably clear: every resident trust must register for income tax and submit annual returns — without exception.