Taxation Blog

"The Power of Done starts with knowing when to act." (SARS) The 2026 Tax Season officially opens on 13 July 2026 for the 2025/2026 year of assessment, covering the period between 1 March 2025 and 28 February 2026. During filing season, taxpayers must complete and...

June Taxes:   05 June | PAYE submissions and payments 25 June | VAT manual submissions and payments 29 June | Excise duty payments 30 June: VAT electronic submissions and payments CIT Provisional Tax payments where applicable End of the 2nd fiscal quarter  ...

With effect from 01 March 2026, South African Revenue Service (SARS) has implemented new regulations regarding Section 18A receipts. These changes are as follows:  Expanded Donor Information: Mandatory information for all donors: Nature (individual, company, trust),...

The Minister of Employment and Labour has published a new earnings threshold in terms of the Basic Conditions of Employment Act (BCEA). New threshold is R269,600.90 per annum (approximately R22 466.00 per month). The old threshold from 1 April 2025 to 30 April 2026...

"Only accountants can save the world — through peace, goodwill, and reconciliations." (Unknown) Employers are legally required to submit their EMP501 reconciliation with accurate and up-to-date payroll and tax information (including valid Income Tax Reference Numbers)...

“A small business is an amazing way to serve and leave an impact on the world you live in.” (Nicole Snow)  Small business owners looking to sell their business or interest in a business as part of their retirement planning will be glad to know that meaningful tax...

May Taxes:   07 May | PAYE submissions and payments 25 May | VAT manual submissions and payments 28 May | Excise duty payments 29 May | VAT electronic submissions and payments and CIT Provisional Tax payments where applicable.   Note: Copyright in this...

The 2025 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission period opened on 1 April 2026 and all submissions are due on or before 30 June 2026. This return relates to the payroll tax year 01/03/2025  – 28/02/2026....

The Annual Reconciliation Declaration (EMP501) submission period opened on 1 April 2026 with final submission deadline being 29 May 2026. The employee data that must be submitted by 29 May 2026 should cover the transaction period 01 March 2025 to 28 February 2026, for...

"As your profitability grows, your taxes will too. In fact, paying more taxes is an indicator that your business health is improving.” (Mike Michalowicz)   Business owners work hard to grow revenue and increase profit. What often receives less attention is how...

"An agreement that will really change the world." (Olaf Scholz, former German Finance Minister) In October 2021, a global minimum tax framework for large multinational enterprises (MNEs) was established with the introduction of the GloBE (Global Anti-Base Erosion)...

April Taxes:   01 April | Start of the 2026/27 Financial Year 07 April | PAYE submissions and payments 24 April | VAT manual submissions and payments 29 April | Excise duty payments 30 April | VAT electronic submissions and payments 30 April | CIT Provisional Tax...

With Compliments       With SARS increasing the VAT registration threshold from R1million to R2.3million from 1 April 2026, most vendors are asking themselves whether they can now deregister from VAT. Although this may be a logical and attractive step,...

With SARS increasing the VAT registration threshold from R1million to R2.3million from 01 April 2026, most vendors are asking themselves whether they can now deregister from VAT. Although this may be a logical and attractive step, it could be a costly tax event. Built...

Budget 2026 has brought long-overdue relief to taxpayers by not imposing VAT or income tax hikes and by adjusting the tables for tax rates, rebates and credits for inflation. Of course, some tax hikes were always going to happen: inflation-linked increases on sin...

“The 2026 Budget marks an important turning point for South Africa.” (Dr Duncan Pieterse, Director-General, National Treasury) Some of the best news in Budget 2026 is the real GDP growth of an estimated 1.4% for 2025, rising to 2% in 2028, and a debt ratio that will...