"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 that growth alters your tax obligations. Higher turnover can trigger VAT registration. Rising profit increases provisional tax exposure. Hiring staff adds payroll compliance risk. Expansion across borders introduces new t

“Renette Oosthuizen, small business owner from Gauteng, had this tip: ‘Minister Godongwana, please increase the VAT registration threshold for small businesses to R2 million. The R1 million threshold has not kept pace with the cost of doing business.’” (Budget Speech 2026) Some of the best news in the 2026 Budget is the proposed increases in the compulsory VAT registration threshold from R1 million to R2.3 million and in the voluntary registration threshold from R50,000 to R1

"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) model rules by the OECD (Organisation for Economic Cooperation and Development). These rules address profit shifting by multinational groups to low- or no-tax jurisdictions and ensure a minimum level of tax is paid

“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 stabilise during this financial year and decline thereafter. Inflation also declined to 3.2% in 2025 (from 4.4% in 2024), improving affordability for households and keeping interest rates down. At the same time, g

Individuals taxpayers Source: National Treasury Source: National Treasury Tax limits adjusted Source: National Treasury Sin taxes raised Source: National Treasury Fuel Levy hikes Source: 2026 SARS Budget Guide How much will you be paying in income, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here  to find out the monthly and annual impact on your income tax, as well as what you will pay in terms of fuel and sin taxes. Bear in mind, however, that the best wa

06 March – PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise duty payments 31 March – End of the 2025/6 Financial year, VAT electronic submissions and payments & CIT Provisional Tax payments where applicable. Disclaimer:  The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any informatio

“Today, it takes more brains and effort to make out the income tax form than it does to make the income.” (Alfred E. Neuman, Mad Magazine Mascot) Provisional tax is among the most confusing aspects of the tax regime – and it’s also the most heavily penalised. There are numerous declarations and payments overlapping throughout each year, not to mention a raft of rules and exceptions. The next provisional tax deadline for the 2026 tax year (coming up on 27 February 2026) is als

"The avoidance of taxes is the only intellectual pursuit that still carries any reward. (John Maynard Keynes) 1. Boost your retirement savings Contributing to a Retirement Annuity (RA) before 28 February can reduce your taxable income and grow your long-term wealth. If you haven’t maximised your annual tax deduction for contributions to retirement funds, this is a good moment to review it. Got any questions – ask us. 2. Top up your Tax-Free Savings Account (TFSA) Each member

06 February – PAYE submissions and payments    25 February – VAT manual submissions and payments    26 February – Excise duty payments              27 February – VAT electronic submissions and payments, CIT Provisional Tax payments and PIT Provisional Tax payments where applicable. Disclaimer:  The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from

07 January – PAYE submissions and payments 19 January – End of Filing Season 2025 for Provisional Taxpayers and End of Filing Season 2025 for Trusts 23 January – VAT manual submissions and payments               29 January – Excise duty payments 30 January – VAT electronic submissions and payments & CIT Provisional Tax payments where applicable. Disclaimer:  The information provided herein should not be used or relied on as professional advice. No liability can be accepted fo

“A rich man without charity is a rogue; and perhaps it would be no difficult matter to prove that he is also a fool." (Henry Fielding, English writer and judge) Across the country, tens of thousands of groups run feeding schemes, environmental projects, schools, clinics, and training centres, often built on passion rather than profit. But while “NGO” is the word most people use, it’s not actually a legal term in South Africa. Entrepreneurs who fund or collaborate with non-pro

“The South African Revenue Service is always ready to assist taxpayers to fulfil their legal obligations.” (SARS) Acknowledging that taxpayers often find it difficult to settle tax debt due to financial challenges, SARS has launched an expedited debt compromise process to help eligible taxpayers settle outstanding tax debts swiftly and on more favourable terms. The normal debt compromise process remains available to all taxpayers, and learnings from this expedited process wil

“You can dream, create, design and build the most wonderful place in the world, but it requires people to make the dream a reality.” (Walt Disney) Faced with rising demand, every successful solo-business person or freelancer will start wishing they had someone around who could help. But deciding to hire means planning for ongoing salary costs, statutory contributions, written contracts and record-keeping. Do it deliberately, with preparation and you will gain capacity and pot

05 December – PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise duty payments 31 December – VAT electronic submissions and payments & CIT Provisional Tax payments where applicable. Disclaimer:  The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always conta

“Trustees remain accountable for all tax matters of a trust, regardless of the economic activity of the trust.” (SARS) The official trust filing season for the 2025 year of assessment is now open for both provisional and non-provisional taxpayers – and SARS has issued stern warnings to trustees to fulfil their tax obligations.  Who must file trust tax returns?    A trust is included under the definition of a “person” in terms of the ITA (Income Tax Act no.58 of 1962) and is t

07 November – PAYE submissions and payments 25 November – VAT manual submissions and payments 27 November – Excise duty payments 28 November – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable. Disclaimer:  The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always cont

“Profile hijacking points to pervasive cybercrime with global links.” (Edward Kieswetter, SARS Commissioner) The Tax Ombud has again...

07 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments 20 October – End of Filing Season 2025 for Individual taxpayers 24...

“He said that there was death and taxes, and taxes were worse, because at least death didn’t happen to you every year.” (Terry Pratchett)...

05 September – PAYE submissions and payments 25 September – VAT manual submissions and payments 29 September – Excise duty payments 30...