Budget 2025: South Africans Seeking Opportunities Abroad Now Have More Choices Under an Expanded Tax Treaty Network
The 2025 Budget had some good news about lessening the tax liabilities for South Africans seeking career, business and lifestyle opportunities abroad. Government’s intention to expand its tax treaty network and renegotiate some existing treaties to double taxation agreements (DTAs) is a welcome step, as these treaties are one of the key enablers for mobile […]
SARS Allocated R7,5 Billion Budget to Bolster Crackdown on Non-Compliance
The 2025 Budget Speech, which finally took place on 12 March 2025, confirmed R7.5 billion to be allocated to resourcing of the South African Revenue Service (SARS), aimed at “broadening the tax base and improving administrative efficiency”.
Proposal to Define “Bona Fide Inadvertent Error” in the Tax Administration Act
The concept of a “bona fide inadvertent error” is a critical yet regrettably undefined term within the Tax Administration Act, No. 24 of 2011 (“TAA”). Section 222(1) of the TAA states that an understatement penalty is only applicable if the understatement does not arise from a “bona fide inadvertent error“.
2025 Budget 2.0: The VAT increase is dead, long live the VAT increase
The shocks, surprises and shortfalls in the initial Budget that never saw the light of day on 19 February, made way for a reworked National Budget marked by cuts, compromises and curveballs. Although Finance Minister Enoch Godongwana’s first Budget attempt three weeks ago was unexpectedly stopped in its tracks, mainly because several partners in the […]
