Latest News & Developments
taxation
OUTA supports Amendment Bill to limit ministers’ benefits and save taxpayers millions
The Organisation Undoing Tax Abuse (OUTA) has submitted a formal request to Parliament in support of the Remuneration of Public Office Bearers Amendment Bill, aimed at limiting benefits for ministers and enhancing transparency in government spending.
As National Budget passes with slim majority, tax dodgers and wasteful spending must be key focus
National budget approved amid call for action on tax collection and wasteful spending.
ANCYL expresses disappointment over VAT hike and demands tax justice
ANCYL criticises the proposed VAT hike, warning it will disproportionately affect vulnerable communities and calls for urgent tax justice measures.
2025 Budget Speech brings no increase to fuel levy, but carbon tax raised
Although the fuel levy freeze is a step in the right direction, South African fuel still carries a relatively heavy tax burden.
Increased sin taxes on vaping, smoking and drinking: What South Africans need to know
Finance Minister Enoch Godongwana unveils plans for increased taxation on tobacco and alcohol products in the 2025 Budget, including public consultations on a new excise framework.
Winning the lottery? Here’s how to avoid going broke
Financial mismanagement, reckless spending, and pressure from family and friendscan turn a life-changing lottery win into a financial nightmare.
Small town, deep pockets: Residents in this Northern Cape town are raking in the bucks
According to National Treasury and the South African Revenue Service’s (SARS) latest tax statistics, the town had a taxable income of R518,808 for the 2023/24 fiscal year.
2024 MTBPS: South Africa's political parties respond with mixed views
South African political parties have expressed mixed reactions to the 2024 Medium-Term Budget Policy Statement (MTBPS) delivered by Finance Minister Enoch Godongwana on Wednesday, October 30
Gayton McKenzie spells out cost of his Olympics trip ahead of 100 Days in Office briefing
While Gayton McKenzie is expected to brief the media on his 100 Days in Office on Thursday, many are waiting for the Minister of Sport, Arts and Culture to set the record straight on his trip to the Paris Olympics.
Call for churches to pay rates, but guard against blanket approach
Without churches, society would easily descend into chaos, so the importance of their role in society cannot be overlooked.
Warning to expats: check your tax non-residency status
Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, SARS penalties, issues with any South African banking and a range of other problems which can be avoided.
Shein and Temu tax tariffs — the misnomer of ‘level’ playing fields
Give cash-strapped consumers a break — big retailers don’t need playing fields levelled, says the writer.
‘Its nonsensical’: ActionSA rejects SARS budget cuts
ActionSA criticises proposed SARS budget cuts, citing economic repercussions
‘I want more!’ Katie Price has undergone three failed rounds of IVF this year
Katie Price was declared bankrupt for a second time due to an unpaid tax bill of £750,000 - which she says has now been settled - but she insisted her financial ups and downs are normal.
Kenya's Ruto says finance bill to be withdrawn after anti-tax protest deaths
Kenyan President William Ruto said that a bill containing contentious tax hikes would ‘be withdrawn’.
Navigating taxation: A hard-hitting warning
As you navigate the intricacies of taxation, remember: there’s no room for shades of grey.
New Sars ruling leaves taxpayers outside SA with a major headache
Sars has blocked tax practitioners from updating identification and eFiling security details.
Taxpayers, beware of Sars’ bolstered prosecution powers
The South African Revenue Service (Sars) commissioner Edward Kieswetter.
Discharging your VAT burden of proof: A written agreement is essential
In the realm of taxation, the burden of proof rests heavily on the taxpayer’s shoulders.
Sars’ AI-Enhanced Audit Capabilities Wreaking Havoc on Taxpayers
In the last 2 months, we have practically seen a significant spike in Sars Audits.
New SARS rule targets the tax deductibility of your donations
A new rule, with a deadline of 31, May 2024, is critically important to ensure that the donation is allowed by Sars as a tax deduction.
Risky business of taking Sars to court
South Africa has become a very litigious country with court cases reported daily.
R37 billion Sars tax bill for big four banks as their headline earnings exceed R100 billion
The four major banks in South Africa - Absa, FirstRand, Nedbank, and Standard Bank - have paid the South African Revenue Service (Sars) around R37. 7 billion in direct taxes to government in 2023.
What South Africans living abroad need to know about living annuities and double taxation agreements
Sars is avoiding its duty and passing it on to others to apply on their behalf.
Sars commissioner vs tax practitioners: ‘Do your due diligence’
Kieswetter revealed a troubling trend - a significant number of tax practitioners are themselves non-compliant with tax regulations.