The South African Revenue Service has released the Taxation Laws Amendment Act 2024 which  introduces a new investment allowance for automotive companies investing in the production capacity for electric and hydrogen-powered vehicles in the

The South African Revenue Service (SARS) has lowered interest rates on outstanding taxes and overpayments, effective as of 7 January 2025.  Interest rates charged in terms of the legislation administered by SARS are split into three main

South Africa published the Global Minimum Tax Act, 2024 (the GMT Act), in the Official Gazette on 24 December 2024. The legislation introduces two main components: an Income Inclusion Rule and a Domestic Minimum Top-up Tax, while notably

The National Treasury and the South African Revenue Service (SARS) published the 2025 draft Revenue Laws Amendment Bill (RLAB) for public comment on 13 December 2024. This announcement was also made on the same day. This draft tax bill

The South African Revenue Service (SARS) has released a guide “Guideline on the on Allowances and Deductions Relating to Assets Used in Generation of Electricity from Specified Sources of Renewable Energy” on 23 November 2024. It provides

The South African Revenue Service (SARS) has published updated interest rate tables on 22 November 2024. Interest rates charged in terms of the legislation administered by SARS are split into three main categories, namely: interest charged on