SARS lowers official interest rate for fringe benefits on employer loans from 8.50% to 8.25%, effective 1 June 2025.  The South African Revenue Service (SARS) has announced a reduction in the official interest rate used to calculate fringe

The SARB has cut the repo rate by 25 basis points to 7.75%, effective 30 May 2025.  The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points, with effect from 30 May

SARS updates guide for Withholding Tax on Royalties (WTR01), effective 30 May 2025. Includes filing, payment, and refund processes, with references to the Income Tax Act. Email submissions remain open for LBI and HWI taxpayers. The South African

The update modifies the eligibility criteria for renewable energy projects under the carbon offset allowance. The South African Revenue Service (SARS) has released an Explanatory Memorandum on 15 March 2025 outlining amendments to the Carbon

Finance Minister delivered 2025 revised budget speech on 21 May 2025. Key tax changes include scrapping proposed VAT rate hikes, removing additional zero-rated items, and increasing the inflation-linked fuel levy. South Africa’s Finance

Cyprus has ratified its first-ever income tax treaty with Curacao on 9 May 2025. Signed on 23 April 2025, this is the first treaty between the two countries and aims to eliminate double taxation on income and prevent fiscal evasion between Cyprus