taxes

  1. Hanno Labuschagne

    SARS starts using WhatsApp

    SARS starts using WhatsApp South Africans should be wary of fraudsters impersonating the South African Revenue Service (SARS) on WhatsApp, but not be too quick to dismiss messages that may really be from the taxman. SARS's recent decision to expand its communication channels to include the...
  3. Hanno Labuschagne

    SARS wants digital identities for all taxpayers

    SARS wants digital identities for all taxpayers The South African Revenue Service's (SARS's) digital transformation roadmap for 2026 to 2030 will see each taxpayer assigned a digital identity and the eventual automation of VAT assessments. Presenting the 2026 Revenue Announcement, SARS...
  4. Hanno Labuschagne

    South Africa not on board with US demand for permanent ban on tariffs for online services

    South Africa not on board with US demand for permanent ban on tariffs for online services The US is pushing to make permanent an international ban on tariffs on ecommerce, setting the stage for a debate on America’s global dominance of digital services and data flows at the World Trade...
  5. Hanno Labuschagne

    SABC wants South Africans to pay a new funding tax

    SABC wants South Africans to pay a new funding tax The deadline for finalising the South African Broadcasting Corporation's (SABC) new funding model has passed, and the public broadcaster's bigwigs want a household tax to replace the TV licence. BMI TechKnowledge was appointed to develop the...
  6. Hanno Labuschagne

    Tax consulting expert explains Sars regulations on crypto asset reporting

    Tax consulting expert explains Sars regulations on crypto asset reporting Senior manager for tax consulting at Forvis Mazars South Africa, Evádne Bronkhorst, says the taxman likely won't look for exact numbers surrounding crypto transactions when evaluating declarations. This comes after the...
  7. Hanno Labuschagne

    VAT hike could be reversed in two months

    VAT hike could be reversed in two months While South Africa's VAT rate should increase to 15.5% on 1 May 2025, it could be back at its current level within two months due to higher revenues in the national government's 2025/2026 budget. Sunday Times reports that finance minister Enoch...
    • Hanno Labuschagne
    • Thread
    • 2025 budget speech budget 2025 enoch godongwana national treasury south african revenue service (sars) tax hikes taxes value-added tax (vat)
    • Replies: 59
    • Forum: News and Current Affairs
  8. Hanno Labuschagne

    Ramaphosa signs massive tax break for EV and hybrid investments into law

    Ramaphosa signs massive tax break for EV and hybrid investments into law South Africa is poised for Chinese investment in its $27 billion automotive industry after the president signed a tax break for the production of so-called new-energy vehicles into law. Three Chinese automakers have...
  9. Hanno Labuschagne

    Shein and Temu tax petition draws thousands

    Shein and Temu tax petition draws thousands Thousands of people have signed a petition opposing the South africa Revenue Service decision to close a loophole in the tariff on clothes imported from outlets such as Shein and Temu. Before 1 November, importers had to pay a 45% tariff on clothes...
  10. Hanno Labuschagne

    Tax hikes on sub-R500 Temu and Shein clothing orders

    Tax hikes on sub-R500 Temu and Shein clothing orders Low-value and small-volume orders of clothing from Temu and Shein will start getting slapped with higher taxes from next month, Business Times reports. The Foshini Croup (TFG) CEO Anthony Thunström told the publication that the South African...
    • Hanno Labuschagne
    • Thread
    • anthony thunström ecommerce import taxes online shopping shein south african revenue service (sars) taxes temu the foschini group (tfg)
    • Replies: 135
    • Forum: Broadband and IT News
  11. Hanno Labuschagne

    PwC says VAT hike possible in budget announcement

    PwC says VAT hike possible in budget announcement South Africa’s National Treasury may have to hike value-added tax (VAT) on some goods and services to bring in new revenues, accounting firm PwC said. Finance minister Enoch Godongwana in November signalled that he would announce new tax...
  12. Hanno Labuschagne

    MTN fighting back against Nigerian R904-million back-tax bill

    MTN fighting back against Nigerian R904-million back-tax bill The Naira’s plunge weighed on the earnings of Nigeria’s biggest wireless carriers. MTN Group Ltd. increased its estimate of unrealised foreign-exchange losses in Nigeria and restated its earnings per share for the six months through...
  13. Hanno Labuschagne

    Nigeria slaps MTN with another big back-tax bill

    Nigeria slaps MTN with another big back-tax bill MTN Group Ltd., Africa’s largest wireless carrier, said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes. The Lagos-based Tax Appeal Tribunal ordered MTN to pay $72.6 million (R1.39 billion), according to documents seen by...
  14. Hanno Labuschagne

    How much more you are coughing up per tank of petrol — 2013 vs 2023

    How much more you are coughing up per tank of petrol — 2013 vs 2023 South African motorists are paying as much as R990.40 more to fill their tank in October 2023 than they were 10 years ago. While the government's taxes on a litre of fuel are partially to blame, the most significant increases...
    • Hanno Labuschagne
    • Thread
    • brent crude oil dollar to rand exchange rate fuel prices fuel taxes oil prices outa petrol prices taxes wayne duvenage
    • Replies: 10
    • Forum: Broadband and IT News
  15. Hanno Labuschagne

    Microsoft will appeal R544-billion IRS tax bill

    Microsoft will appeal R544-billion IRS tax bill Microsoft Corp. will appeal a decision by the US Internal Revenue Service that the software maker owes at least $28.9 billion (R543.71 billion) in taxes related to how it allocated income and expenses among global subsidiaries from 2004 to 2013...
  16. Hanno Labuschagne

    Taxpayers will pay the price for protecting hospitals and schools from load-shedding — Outa

    Taxpayers will pay the price for protecting hospitals and schools from load-shedding — Outa If the government had to provide generators to protect state hospitals, clinics, schools, and police stations from load-shedding, it would come at a massive cost to South African taxpayers. That is...
  17. Hanno Labuschagne

    MTN's massive tax bill in South Africa

    MTN's massive tax bill in South Africa MTN paid R8.1 billion in taxes to the South African government in 2022, according to the company’s latest tax report. This is a 50% increase from the year before, where tax revenue totalled R5.4 billion. [Bloomberg]
  18. Hanno Labuschagne

    MTN will keep challenging Ghana's back-tax fine if talks fail

    MTN will keep challenging Ghana's back-tax fine if talks fail MTN Group Ltd., Africa’s largest wireless carrier, plans to start a dispute resolution process if talks with Ghanaian authorities over a surprise 8.2 billion GHS (R11.7-billion) back-tax bill it received last week fail. Before...
  19. Hanno Labuschagne

    Why South Africa must cut taxes

    Why South Africa must cut taxes South Africa can generate more tax revenue by lowering taxes, which will create additional wealth and stimulate the economy. It may sound counter-intuitive that more tax revenue can be collected through lower taxes, but it has been proven to work in many cases...
  20. S

    This “scary” revenue and spending graph shows why you can expect higher taxes

    https://mybroadband.co.za/news/business/362960-the-scary-revenue-and-spending-graph-shows-why-you-can-expect-higher-taxes.html
  21. J

    Can I have an IPad mailed to me?

    Hello, I just moved to ZA from the USA last week. My wife has an iPad with a cracked screen and I wanted to upgrade to the iPad pro next month. Apple products are insanely expensive here and I want to have one mailed from home. So I have a couple questions, if you don't mind helping. 1) can...
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