Managers of Wealth Africa

SARS nails taxpayer for R62 million VAT fraud

The sentencing is an outcome that the South African Revenue Service (SARS) has warned awaits those who seek to defraud the country.

Important information for anyone who was auto-assessed by SARS in South Africa

From 13 July, taxpayers who were auto-assessed can amend their returns, and tax experts warn that one of the easiest mistakes to overlook could cost them valuable deductions.

Industry push forces Sars to scrap premature trust penalties

But trust penalties remain, and new letters of final demand are on their way.

7 companies collect a R40 billion ‘paycheque’ every year from taxpayers in South Africa

South Africa’s automotive incentives are provided through the Automotive Production and Development Programme (APDP2), which supports large-scale vehicle manufacturing and exports.

Allan Gray sends auto-assessment warning to taxpayers in South Africa

Taxpayers selected for autoassessment will receive an assessment directly from SARS without having to submit a return upfront.

A solid outing for VAT receipts in Q1

This surge likely reflects improved compliance and stronger enforcement among multinational firms

How to legally pay less tax in South Africa

The key is understanding what can be claimed and keeping accurate records throughout the year.

Taxpayers in South Africa warned to check their banking details before next week

SARS commissioner Johnstone Makhubu noted earlier this month that the revenue service is expecting to issue in excess of 6 million auto assessments in 2026.

VAT gains lift FAAC revenues to record high

This marks the highest allocation for as far back as we can track, highlighting the progress in revenue mobilisation, supported by the positive impact of recent fiscal reforms.

ConCourt slams door on zero Vat for second-hand gold

This means most second-hand gold is subject to the usual value-added tax rate of 15%, closing off a loophole that has been in place for decades.

Extra R21,900 per month ‘tax’ for South Africans who earn over R1 million

In response to a Parliamentary question, Finance Minister Enoch Godongwana said South Africa has a highly progressive personal income tax system.

Major VAT win for SARS

The matter involved Lueven Metals, a company that trades in and refines precious metals, including gold.

Allan Gray’s message about tax-free investments in South Africa

The increase in the annual contribution limit for TFIs is the first since 2021

Extra R9,300 per month ‘tax’ for the average person living in South Africa

One of the biggest contributors is VAT, which applies to a wide range of goods and services purchased daily.

Surprise tax bill for these South Africans

As a result, there have been many instances where previous tax assessments were revised to reflect the implications of taxpayers ceasing to be tax residents.

SARS announces dates for tax season 2026 – when to expect auto assessments

Non-provisional taxpayers are those who earn a regular salary or wage from an employer and whose PAYE is already deducted throughout the year.

Tax relief for homeowners living in Cape Town

Under this proposal, the first R620,000 will be exempt from rates, up from the current R450,000 exemption for the 2025/2026 financial year.

Africa can raise $469bn without tax hikes – AfDB

He said the additional revenue could be mobilised without increasing tax rates, stressing that stronger domestic resource mobilisation remained the most sustainable source of development financing for the continent.

Kenya’s mobile money tax plan draws sharp industry backlash

Treasury says this move is intended to broaden revenue collection as digital payments account for a growing share of commercial activity across the economy.

AI and data sharing fuel rise in African tax disputes

Companies urged to be ‘defence-ready’ as disputes intensify.