No tax twists for trusts: 2025 Budget delivers good news
This year, trusts may find themselves at a crossroads, balancing between opportunity and challenge.
Maximising tax-efficient investments following the Budget
As the government seeks to bolster revenue generation through increases in VAT and fiscal drag by keeping the tax brackets unchanged for two years, investors are urged to take full advantage of the available tax incentives to optimise their financial future.
Experts concerned over 'tax creep' as interest rates remain the same
Tax bracket creep occurs when your salary increases due to inflation, but tax brackets are not adjusted accordingly.
Proposed VAT increase could push South Africans deeper into debt crisis
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The postponement of the Budget Speech has left the nation anxious about possible tax hikes.
Budget: Tax adjustments, AI implementation, and trade relations under spotlight
Finance Minister Enoch Godongwana's upcoming Budget Speech is set to address crucial tax adjustments, AI implementation in tax collection, and international trade relations amid US-SA tensions.
Tax Evasion: the silent killer of youth-led businesses in South Africa
FinScope data indicates that a considerable 30% of SMMEs owners today are 35 years or younger, underpinning the role that the youth play in building a resilient economy and creating jobs.
Shauwn Mkhize's Durban home raided amid tax evasion allegations
South African socialite Shauwn Mkhize faces legal scrutiny as her home is raided by authorities over alleged unpaid taxes amounting to R37 million.
New regulatory and tax framework looms for South Africa’s Collective Investment Schemes
Proposed COFI Bill and tax model aim to reshape the R3. 36 trillion CIS industry and hedge fund sector for growth, transparency and investor protection.
VAT refunds rise to R342. 9bn but still lag behind estimates
This impressive figure, however, has come under scrutiny as it was R7. 9bn short of expected estimates, prompting discussions about the balance between efficient refund processes and necessary fraud investigations, according to Tax Consulting SA.