The Treasury and SARS have released the 2025 draft tax bills and regulations for public consultation, which ends on 12 September 2025.
The National Treasury and South African Revenue Service (SARS) has initiated a public consultation on the released 2025 Draft Taxation Laws Amendment Bill (TLAB), the Draft Tax Administration Laws Amendment Bill (TALAB) and draft VAT and export regulations as of 16 August 2025.
The drafts incorporate tax measures announced in the 2025 Budget and subsequent updates.
Key proposals in the 2025 draft TLAB include lowering the ring-fencing threshold for assessed losses, taxing all foreign retirement benefits, tightening anti-avoidance rules for hybrid equity instruments, revising asset-for-share and collective investment scheme transactions, clarifying VAT on airtime vouchers and low-value imports, and updating carbon tax provisions.
The 2025 draft TALAB introduces amendments to improve tax administration, including clarifying audit certificate requirements for public benefit organisations, simplifying customs procedures for express deliveries, enabling voluntary disclosure programmes, supporting the VAT Modernisation Project, and expanding inspection powers for SARS. Draft regulations address domestic reverse charges for valuable metals and broaden the definition of “exported” for zero-rating purposes.
Public comments are invited by 12 September 2025 via the National Treasury and SARS websites. Following stakeholder engagement and parliamentary committee hearings, the draft bills and regulations will be revised before formal tabling in Parliament.
