04/02/2025
This brings the collected net amount to R1.855 trillion, which is almost R8.8 billion higher than the revised estimate in the 2025 Budget and R114.0 billion more than last year’s R1.741 trillion.
04/02/2025
‘We must make it clear that we have not amended the fiscal framework,’ but have requested the minister to reconsider the VAT issue and try to find alternative ways to raise revenue, Joseph Maswanganyi said.
04/02/2025
Sars collected R1.855trn in the fiscal year through March.
04/01/2025
The last two are the parent companies of Stanbic IBTC Bank and Guaranty Trust Bank, respectively.
03/31/2025
After careful consideration, the government has still opted to increase VAT, but now only by 0.5%pts in 2025, and a further 0.5%pts in 2026.
03/31/2025
Total taxes paid amount to about R1.5 trillion, leaving R1 trillion unaccounted for.
03/27/2025
Consequently, critical raw materials essential for the production of pharmaceutical products will be exempted from import duty and Value Added Tax for a period of two years.
03/25/2025
This means that taxpayers will fall prey to inflationary bracket creep.
03/25/2025
Odii said that once passed into law, the bill would remove multiple taxation and exempt businesses with annual earnings below N100 million from key tax obligations.
03/20/2025
The DTA allows the Swiss network of double taxation agreements to be expanded into Southern Africa.
03/20/2025
Despite this continued outflow, South Africa still retained a significant number of wealthy residents.
03/18/2025
Crunching the numbers in the proposed 2025 Budget, independent data analyst Pieter Jordaan shows that lower-income earners are set to bear the brunt of the coming hikes.
03/14/2025
This would have significantly increased the price of most products in South Africa, impacting all population sectors.
03/14/2025
Faleke expressed optimism that the Nigeria Revenue Service would enhance seamless tax harmonization and administration.
03/13/2025
A proposed increase in VAT from 15% to 17% has met with significant opposition, with many stakeholders outright rejecting the plan.
03/12/2025
Treasury has stressed that South Africa’s VAT is still lower than the 19% seen in peer countries
03/11/2025
The study recommends targeted cash transfers to protect low-income households while maintaining fiscal stability.
03/10/2025
A guide with some tax-free and tax-efficient options for significant savings.
03/04/2025
The report said only 3 per cent of the 66 sampled studios across 23 African countries were able to reach the $1 million revenue mark.
02/24/2025
The hike was expected to raise an additional R60bn in revenue, but would temporarily raise inflation and have a negative impact on business income and profitability.