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...
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...
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...