Budget 2022: Reduction in the corporate tax rate – The good and the bad

During the 2022 Budget Speech, the Minister of Finance announced that the corporate tax rate will be reduced from 28% to 27% with effect for years of assessment ending on or after 31 March 2023. While the reduction in the corporate tax rate is welcomed and may, to some extent, bring South Africa in line […]

National Treasury releases draft tax amendments

The 2020 Draft Taxation Laws Amendment Bill (TLAB) and 2020 Draft Tax Administration Laws Amendment Bill (TALAB) were published by the National Treasury and the South African Revenue Service (SARS) on 31 July 2020. These draft bills deal with the legislative amendments that were proposed on 26 February 2020 during the 2020 Budget Speech by […]