VAT decision highlights constitutional defects across tax Acts
Tax experts say the constitutional problem identified by the High Court could affect several other laws that give the finance minister similar powers.
#MinisterofFinance
High Court: Minister’s power to set VAT rate is unconstitutional
The declaration of invalidity was suspended for 24 months and referred to the Constitutional Court for confirmation.
Kamlana reappointed as FSCA Commissioner for a second five-year term
The terms of two deputy commissioners were also renewed, while the third deputy will step down at the end of May.
Transitional delegations under the FSRA pushed to 2028/29
New end-dates extend the temporary allocation of certain supervisory duties to the FSCA and PA while regulatory frameworks are finalised.
Treasury calls for technical tax proposals ahead of 2026 Budget
National Treasury is inviting submissions of technical tax proposals for possible inclusion in Annexure C of next year’s Budget Review.
Minister can increase the fuel levy without parliamentary process
The Full Bench provides its reasons for dismissing the EFF’s attempt to halt the Minister of Finance’s decision to increase the general fuel levy.
No blanket exchange control exemption for cryptocurrencies
The SARB will publish targeted frameworks to govern cross-border crypto flows and CASP reporting, says the Minister of Finance.
Constitutionality of the minister’s power to amend tax rates remains untested
UCT tax lecturer Ben Cronin argues that by allowing the minister to amend the income tax rates by announcement in the Budget, Parliament has overstepped its competence, eroding the doctrine that places legislative authority firmly in its hands.
Tight-lipped Treasury braces for tough Budget to plug R75bn shortfall
Finance Minister Enoch Godongwana won’t reveal where the spending cuts or savings will come from but says South Africa must “do more with less”.
Treasury and SASSA granted leave to appeal ruling on SRD grant
‘Due to the complexity and seriousness of this case … it deserves the attention of the Supreme Court of Appeal,’ says Judge Leonard Twala.
SRD grant is a temporary relief measure, says Social Development department
Financially squeezed government wants to overturn a judgment declaring aspects of the SRD regulations unconstitutional.
Godongwana signals gradual approach to NHI funding
Progress with implementing National Health Insurance will be contingent on the fiscal situation.
Individual auditors can be fined up to R10m for improper conduct
The Minister of Finance has re-issued the Notice setting out the maximum fines, after inserting the omissions.
Two pots: proposed implementation date is neither 1 March 2024 nor 1 March 2025
The Minister of Finance responds to the Standing Committee on Finance’s call for the implementation date to be moved to 1 March next year.
