04/25/2025
Sanisha Packirisamy, Economist at Momentum Investments, said that the rolling back of VAT will bring some relief to consumers, but warned that taxpayers are still on the hook for R18 billion.
04/24/2025
Relief sought by DA and EFF ‘lacks merit’ – Godongwana.
04/24/2025
This is in place of the proposed 0.5 percentage point increase to VAT announced in the Budget in March and passed in the fiscal framework earlier in April.
04/17/2025
The increase is scheduled to take effect on May 1.
04/16/2025
The latest VAT phishing scam goes beyond banking clients and target anyone with an account or subscription where VAT is payable.
04/14/2025
The report’s adoption is the first of several steps in implementing the controversial 2025 budget, with the tabling of the Tax Amendment Bill to follow.
04/11/2025
It’s essentially where they’ve stated that you have now in 2022 done your tax emigration by way of obtaining a tax clearance of emigration PIN [Tax Compliance Status PIN number], but this PIN is no longer as such.
04/11/2025
Set up to analyse fiscal policies, the PBO says the Treasury is oblivious to the country’s growing inequality
04/09/2025
According to Tax Consulting SA, SARS is countering these complexities by investing heavily in automation and data-driven insights
04/07/2025
This includes monitoring South Africans’ bank accounts, which SARS has used to identify taxpayers whose lifestyles don’t match their tax contributions.
04/04/2025
The report’s adoption is the first of several steps in implementing the controversial 2025 budget, with the tabling of the Tax Amendment Bill to follow.
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.