Revision to in-year spending plans and the division of revenue.
Economic impact and response to pandemic, and
To take action to stabilize public debt.
No new tax measures were presented in the Budget. However, moderate future tax increases were proposed.
The Draft Disaster Management Tax Relief Bill and the Draft Disaster Management Tax Relief Administration Bill were published and tabled for consideration.
The South African Revenue Service (SARS) has released updated guidance on capital gains tax (CGT) for individuals and businesses on 18 March 2025. This guide provides a basic introduction to capital gains tax (CGT) for companies as defined in
The Swedish Tax Agency released updated guidance on the application of the Most-Favoured-Nation (MFN) clause in the 1995 tax treaty with South Africa on 18 March 2025. According to updated guidance, The Swedish Tax Agency has stated that the MFN
The VAT rate in South Africa will increase from 15.0% to 15.5% starting 1 May 2025, with a planned increase to 16.0% from 1 April 2026. The South African Revenue Service (SARS) has released a set of Frequently Asked Questions (FAQs) regarding the
South Africa's Finance Minister, Enoch Godongwana, presented the 2025 Budget Speech on 12 March 2025. The minister has proposed raising the VAT rate and corporate and personal income taxes. However, no changes to personal income tax rebates or
The South African Revenue Service (SARS) has released a synthesized text of its tax treaty with Spain, reflecting updates from the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
The South African Revenue Service (SARS) has issued an updated Guide to the Urban Development Zone (UDZ) allowance on 17 January 2025. This incentive, introduced in 2003, aims to drive investment in 16 UDZs across 15 inner cities by offering
