2025 Budget speech – key tax and policy announcements

On 12 March 2025, Finance Minister Enoch Godongwana delivered the much-anticipated 2025 Budget Speech following an unprecedented delay. The speech, originally scheduled for 19 February, was postponed due to disagreements within the Government of National Unity (GNU) regarding proposed tax increases, particularly a potential VAT hike from 15% to 17%. Ultimately, the Treasury opted for […]

COVID-19 Tax relief measures

In light of the current COVID-19 pandemic, President Cyril Ramaphosa announced certain relief measures in an attempt to provide for the wellbeing of the people of South Africa and navigate our already troubled economy through these uncertain times. In order to assist with alleviating cash flow burdens arising as a result of the COVID-19 outbreak, […]

Theres an increase in VAT. Remember that.

In the budget speech on 21 February 2018, the Minister of Finance announced that the VAT rate will change from 14% to 15% from 1 April 2018. Here are some key points to take note of in terms of the change in VAT rate: We remind you that, from this date, you must adjust your […]