South Africa updates tax payment guide on foreign payments, designates Investec for GMT
The South African Revenue Service (SARS) has updated its SARS Payment Guide, effective 16 October 2026, clarifying that Investec Bank is now the designated bank for Global Minimum Tax (GMT) foreign payments. Other foreign payments still go
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South Africa proposes SEZ transfer pricing reforms, corporate tax changes in Medium-Term Budget Policy
South Africa’s National Treasury has delivered the Medium-Term Budget Policy Statement (MTBPS) to Parliament on 21 October 2026. This package comprises three key amendment bills designed to implement the government's tax policy, monetary
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South Africa: SARS raises official interest rate for low-interest loans
The South African Revenue Service (SARS) has updated its Table 3, increasing the official interest rate used to tax interest-free or low-interest loans from 8.00% to 8.25%, effective 1 December 2025, with effect from 1 October 2026. The rate is
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South Africa: RAF asks Treasury to raise petrol, diesel levy
South Africa’s Road Accident Fund (RAF) wants the National Treasury to raise the RAF levy on petrol and diesel from ZAR 2.25 per litre to ZAR 3 per litre, saying it needs a stronger funding base, according to its 2025/26 annual report. The levy
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South Africa: SARS expands GMT support for Pillar Two
The South African Revenue Service (SARS) enhanced its Global Minimum Tax (GMT) administration to support affected Multinational Enterprise (MNE) Groups in meeting their Pillar Two obligations under the Global Anti-Base Erosion (GloBE) Rules. The
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South Africa: SARS consults on digital VAT model
The South African Revenue Service (SARS) announced on 18 September 2026 the publication of FAQs addressing its proposed VAT modernisation programme. The document explains the proposed Digital VAT Model, its implementation, potential business impacts
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South Africa consults on technical Annexure C tax proposals for 2027 Budget
South Africa's National Treasury has launched a consultation inviting taxpayers, tax practitioners and members of the public to submit technical tax proposals for possible inclusion in Annexure C of the 2027 Budget Review, according to a media
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South Africa: SARS releases updated average exchange rates
The South African Revenue Services (SARS) released updated Average Exchange Rates on 9 September 2026, providing essential data for calculations. The update includes rates for the Australian dollar, Canadian dollar, Euro, Hong Kong dollar, Indian
See MoreSouth Africa: SARS clarifies higher VAT registration thresholds, deregistration rules
South Africa’s South African Revenue Service (SARS) has clarified how the increased VAT registration thresholds will apply from 1 April 2026, confirming that the higher compulsory registration threshold is being used for new registration and
See MoreSouth Africa amends customs duty on sugar, imposes anti-dumping duties on Chinese steel imports
South Africa has amended its customs tariff regime through two separate notices issued under the Customs and Excise Act, 1964, and published in Government Gazette No. 55269 on 28 August 2026. In the first notice, R.7864, Minister of Finance Enoch
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South Africa: SARS consults on digital VAT modernisation
The South African Revenue Service (SARS) opened public consultation on the SARS Consultation Paper on Value Added Tax (VAT) Modernisation: E-invoicing, Interoperability Framework and E-reporting in August 2026, seeking stakeholder views on plans to
See MoreSouth Africa: SARS rules on employee share incentive trust funding, vesting
The South African Revenue Service (SARS) has set out the income tax and capital gains tax treatment of cash grants made to an employee share incentive trust and the subsequent vesting of shares in qualifying employees under Binding Private Ruling
See MoreSouth Africa clarifies retrospective certificates of origin for China zero-tariff treatment
South Africa’s Customs and Excise Act allows certificates of origin to be issued retrospectively for eligible shipments under specified circumstances, according to a clarification issued on 13 August 2026. Rule 46A6.13 (e) of the Customs and
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South Africa: SARS urges schools to apply for VAT deregistration
The South African Revenue Service (SARS), in a media release dated 7 August 2026, urged schools registered under the South African Schools Act that are currently VAT vendors to apply for cancellation of their VAT registration following legislative
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South Africa: SARS issues rules for DTA advance pricing agreement system
South Africa has introduced a detailed framework for its Double Taxation Agreement (DTA) advance pricing agreement (APA) system through six income tax notices covering applicant eligibility, fees, rejection grounds, processing requirements,
See MoreSouth Africa consults on 2026 draft tax legislation
South Africa's National Treasury and the South African Revenue Service (SARS) have launched a public consultation on the 2026 draft Taxation Laws Amendment Bill (2026 draft TLAB) and the 2026 draft Tax Administration Laws Amendment Bill (2026 draft
See MoreSouth Africa clarifies advance payment notification requirements for qualifying import payments
The South African Revenue Service (SARS) has outlined the requirements and procedures for registered importers making qualifying advance import payments under South African Reserve Bank (SARB) regulations. Importers applying for advance foreign
See MoreSouth Africa: SARS updates interest rates on taxes, refunds, credit amounts
The South African Revenue Service (SARS) has released updated interest rate tables on 20 July 2026. The revised tables set out the applicable interest rates on outstanding taxes, interest rates payable on certain tax refunds, and interest rates
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