
Sticky VAT thresholds create ‘economic distortion’
Tax specialists say stagnant thresholds have the opposite effect of policy aims – instead of freeing SMEs to scale up, they incentivise remaining under the threshold.
Tax specialists say stagnant thresholds have the opposite effect of policy aims – instead of freeing SMEs to scale up, they incentivise remaining under the threshold.
The Supreme Court of Appeal found in favour of SARS despite it ignoring a 45-day timeline for more than a year.
Tax practitioners say the headline statistic may obscure the true extent of incomplete auto assessments.
Supreme Court rejects SARS’s argument that the expert’s opinion was tainted by self-interest because of the fee he would earn.
Despite improvements in taxpayer education and system simplification, low trust in government remains the biggest barrier to voluntary compliance in Africa.
Low-income earners fear being ignored, while high-income earners and large businesses find the police to be inefficient.
The South African Revenue Service outperformed its revised estimates for 2024/25, buoyed by strong personal income tax, VAT, and company income tax collections.
The move will limit taxpayer defences that rely solely on claiming an unintentional mistake.
The Minister of Finance cites an average 19% VAT among peers to argue that South Africa’s 15% rate is low, but isolated comparisons miss key factors such as exemptions, corporate rates, and overall business costs.
Experts slam the idea of a VAT increase, pointing to a record tax burden and bloated expenditure. From uncollected billions to inefficient governance, the real fix lies in reining in waste, not squeezing taxpayers.
Missing the provisional tax deadlines can lead to steep penalties and interest. This article outlines the key dates and payment rules to help you stay ahead.
A dip in corporate and VAT revenues has left a R10bn hole in expected tax collections. As the Budget approaches, Treasury faces a difficult balancing act.
With more tax returns submitted, SARS is intensifying efforts to ensure full compliance, particularly among trusts, using AI and data-driven enforcement.
Fraudsters are contacting taxpayers who are issued with auto-assessments and impersonating SARS.
Questions remain whether the automation of certain procedures will have the desired results.
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