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VAT rate increase: Key considerations for businesses ahead of May 2025

13 March 2025

The 2025 Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase initially proposed in February 2025 replaced by two consecutive 0.5% increases, bringing the VAT rate to 16% in the 2026/27 financial year.

South Africa's Tax Compliance Landscape Amidst National Budget

13 March 2025

The National Budget Speech delivered by Finance Minister Enoch Godongwana underscored the critical role of tax compliance in bolstering South Africa's fiscal health.

Proposal to Define "Bona Fide Inadvertent Error" in the Tax Administration Act

13 March 2025

The concept of a "bona fide inadvertent error" is a critical yet regrettably undefined term within the Tax Administration Act, No. 24 of 2011 (“TAA”).

Closing the Tax Gap – How Can More Small Businesses Reap the Rewards?

11 March 2025

Small businesses in South Africa are often managing multiple priorities such as business efficiency, innovation and growth. Amidst these daily challenges, many overlook the value of claiming the full range of tax benefits available to them.

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