South Africa: SARS issues updated guide and quick reference for advance tax rulings
SARS issues updated advance tax ruling guide and quick reference on application steps. The South African Revenue Service (SARS) has released the second edition of its guide to advance tax rulings on 11 June 2025. This guide offers guidance on
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South Africa: SARS outlines SEZ tax benefits for SMMEs to support investment and growth
SARS outlines SEZ tax incentives and licensing rules for SMMEs to support investment and trade. The South African Revenue Service (SARS) published the Traders and Travellers Connect Edition 5 on 9 June 2025, highlighting the benefits of special
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South Africa: SARS updates average exchange rates 2025
SARS has published updated average exchange rates for key foreign currencies to assist taxpayers with 2025 income and expenditure conversions. The South African Revenue Services (SARS) released updated Average Exchange Rates on 3 June 2025,
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South Africa: SARS lowers interest rate for taxation on interest-free and low-interest loans
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
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South Africa: SARB reduced repo rate by 25 basis points
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
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South Africa revises guide for withholding tax on royalties return
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
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South Africa: SARS clarifies revised carbon offset rules
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
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South Africa: MoF presents revised 2025 budget, scraps proposed VAT hike
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
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South Africa: SARS lowers interest rates on unpaid taxes and overpaid amounts
The South African Revenue Service (SARS) has released updated interest rate tables effective from 1 May 2025. Interest rates charged in terms of the legislation administered by SARS are split into three main categories, namely – interest
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South Africa court halts April 2025 VAT rate hike
The Western Cape High Court has issued a ruling to officially halt the planned rise in South Africa's VAT rate on 27 April 2025. A ruling has resolved a disagreement between the two largest parties in South Africa’s coalition government over a
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South Africa withdraws proposed VAT increase
The South Africa's Minister of Finance will shortly introduce the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill), which proposes to maintain the Value-Added Tax (VAT) rate at 15% from 1 May 2025 instead of the
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South Africa: SARS updates Income Tax Return for Companies guide
The South African Revenue Service (SARS) has published an updated guide for completing the Income Tax Return for Companies (ITR14), effective from 23 April 2025. The latest version includes expanded guidance on the reporting of beneficial ownership,
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South Africa: Parliament approves 2025 budget with controversial VAT hike
South Africa’s parliament approved the 2025 budget which was presented by Finance Minister Enoch Godongwana on Wednesday, 2 April 2025, despite strong opposition to a controversial increase in value-added tax (VAT). To address government
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South Africa raises eligibility for carbon offset allowances in updated tax regulations
The South African National Treasury has updated the Carbon Offset Regulations under Section 19(c) of the Carbon Tax Act, 2019, on 14 March 2025. The amendments raise the eligibility threshold for energy projects qualifying for carbon offset
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South Africa: SARS updates guidance on capital gains
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
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Sweden clarifies scope of MFN clause in tax treaty with South Africa
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
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South Africa: SARS issues guidance on VAT rate increase starting May
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
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South Africa unveils 2025 budget: Raises VAT and corporate income tax
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
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