This 2026 article is an update of the original article published in July 2019. The original article can be accessed here: https://fincor.co.za/sars-and-tax-assessment-prescriptions/ A second article can be found here: https://fincor.co.za/tax-returns-and-the-3-year-limitation-period-of-the-tax-administration-act/ […]
Fincor
Publication of the draft amendments to the regulations on the domestic reverse charge relating to valuable metal
SECTION 74(2) OF THE VALUE-ADDED TAX ACT, 1991 (ACT NO. 89 OF 1991) The National Treasury and the South African Revenue Service (SARS) published, for public comment, the draft amendments […]
Key changes in the Government’s 2026-2027 budget – Income Tax for Companies
This second of two articles summarises changes made in the 2026/2027 financial year for companies as published by SARS. The first article summarised the changes made for Individuals and Trusts. […]
Key changes in the Government’s 2026-2027 budget – Income Tax for Individuals and Trusts
This first of two articles summarises changes made in the 2026/2027 financial year for individuals as published by SARS. The second article will summarise the changes made for companies. INCOME […]
TAX RETURNS TO BE SUBMITTED BY A PERSON IN TERMS OF SECTION 25 OF THE TAX ADMINISTRATION ACT
It’s that time of the year again when we need to prepare our annual tax return for SARS to process. The details of who must do so is defined in […]
CEASE TO BE A RESIDENT AND EXPIRY OF VISA
A previous article named “Ceasing to be an SA Tax Resident” should also be read in conjunction with this article. SARS released an updated guide effective 17 April 2026 named […]
PRE-TRADE EXPENDITURE AND LOSSES
Information in this article was sourced from SARS INTERPRETATION NOTE 51 (Issue 6) dated 04 October 2023 related to the Income Tax Act 58 OF 1962, sections 11, 11A, and […]
BINDING PRIVATE RULING BPR 425 of 31 March 2026 – REHABILITATION OF MINING PROPERTY
INCOME TAX ACT 58 OF 1962 (the Act) SECTIONS 11(a), 23(g), 55, and 58 of the ActVALUE-ADDED TAX ACT 89 of 1991 (VAT Act) SECTIONS 1, DEFINITION OF “ENTERPRISE” AND […]
Ceasing to be an SA Tax Resident
One important threshold affecting South African expatriates, the foreign employment income tax exemption, has not been amended in South Africa’s 2026 budget. Under section 10(1)(o)(ii) of the Income Tax Act, […]
Cancellation of VAT registration (deregistration)
A vendor’s VAT registration may be cancelled by the Commissioner or on written request by the vendor if certain requirements are met. When a vendor ceases to be registered for […]