South Africa: SARS publishes updated interest rate tables for outstanding, overpayments of tax
SARS released updated tax interest rate tables effective from September and November, 2025. The South African Revenue Service (SARS) has released updated interest rate tables, on 16 September 2025, for outstanding taxes payable and
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South Africa: SARS consults draft rules for CARF implementation, CRS amendments
The consultation concludes on 3 October 2025. South Africa’s National Treasury and the South African Revenue Service (SARS) introduced draft regulations on 15 September 12025, aimed at enhancing the country's approach to cryptoasset oversight
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South Africa: SARS consults customs rules for transfer pricing adjustments
The consultation is set to conclude on 3 October 2025. The South African Revenue Service (SARS) has initiated a public consultation regarding draft changes to the rules under sections 40, 41, and 120 of the 1964 Customs and Excise Act, relating
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South Africa: SARS issues update on Pillar 2 global minimum tax implementation
The implementation of the GloBE Model Rules in the GMT legislation enables South Africa to impose a multinational top-up tax at a rate of 15% on the excess profits of in-scope MNE Groups. The South African Revenue Service (SARS) has issued an
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South Africa: SARS updates official average exchange rates for tax calculations
SARS updated average exchange rates for key currencies effective from 3 September 2025. The South African Revenue Services (SARS) released updated Average Exchange Rates on 3 September 2025, providing essential data for calculations. The
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South Africa: National Treasury withdraws amendment on hybrid equity instruments
National Treasury has retracted its proposal to amend the definition of “hybrid equity instrument” in section 8E of the Income Tax Act following industry concerns. South Africa's National Treasury confirmed that the proposal in the 2025 draft
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South Africa: SARS consults on draft tax exemption guidance
Comments on the draft Note must be submitted by 10 October 2025. The South African Revenue Service (SARS) has initiated a public consultation on a draft interpretation note on the income tax exemption applicable to bodies corporate, share block
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South Africa: Treasury proposes strengthening anti-avoidance rules for hybrid equity instruments
South Africa proposes more rigid tax rules on hybrid equity instruments, expanding the scope and taxing dividends as income from 1 January 2026. The South African National Treasury has proposed changes to section 8E of the Income Tax Act to
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South Africa: Government proposes limiting deferral of foreign exchange gains under draft tax bill
South Africa proposes tighter rules on deferring foreign exchange gains for certain related-party debts from January 2026. South Africa’s government has proposed amendments to section 24I(10A) of the Income Tax Act through the Draft Taxation
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South Africa to tax dividends on certain hedging instruments from 2026
South Africa proposes taxing dividends on certain hedging instruments from 2026 to align tax with IFRS accounting. The South African government has proposed amending section 24JB of the Income Tax Act to tax dividends received on equity
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South Africa: SARS consults 2025 Draft Taxation Laws Amendment Bill, Draft Tax Administration Laws Amendment Bill
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
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South Africa extends energy efficiency tax incentive to 2030
South Africa extends Section 12L Energy-Efficiency Tax Incentive to 2030, supporting business energy savings and carbon reduction. The South African government announced it has extended the Section 12L Energy-Efficiency Tax Incentive by five
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South Africa to submit revised trade deal to US to address 30% tariff
South Africa has submitted a revised trade offer to the US on 12 August 2025 to seek a reduction of the 30% tariff imposed on its exports. South Africa plans to present a revised trade proposal to the US to reduce the 30% tariff recently
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South Africa: SARS extends special licences for importing, storing jet fuel to prevent potential shortages
SARS has extended special licenses for jet fuel and kerosene imports and storage until 31 October 2026. South Africa’s Fuels Industry Association (FIASA) announced on 8 August 2025 that the South African Revenue Service (SARS) has extended
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South Africa: SARS updates interest rate for taxation of low interest loans
SARS will cut the official interest rate for taxing interest-free or low-interest loans from 8.25% to 8.00% on 1 September 2025. The South African Revenue Service (SARS) has updated Table 3 of the official interest rates used for taxing
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South Africa: SARS updates urban development zone allowance guide
The UDZ allowance guide offers general guidance on section 13 (quat) of the Income Tax Act and the application of the urban development zone incentive. The South African Revenue Service (SARS) published Issue 10 of its updated Guide to the Urban
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South Africa: SARS updates tax guide on net billing for renewable energy
SARS clarifies tax rules for surplus renewable energy under net-billing system. The South Africa Revenue Service (SARS) released an updated Guide on 13 June 2025, outlining the tax implications for the net-billing tariff system applied to surplus
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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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