Budget: SARS allocated R7. 5 billion to build capacity to collect more taxes
4 Articles
4 Articles
SARS handed homework: Why you might need to worry
The South African Revenue Service (SARS) has committed to intensifying its debt collection efforts as part of a broader strategy to meet the newly announced revenue estimate of R1.986 trillion for the 2025/26 financial year, as outlined by Finance Minister Enoch Godongwana in his Budget Speech on Wednesday. In a statement released following the budget announcement, SARS acknowledged the fiscal challenges facing the country and reaffirmed its res…
Beefed-up SARS might stave off R20bn in tax increases in 2026 – Moonstone Information Refinery
A 4% increase in the general fuel levy and the withdrawal of the two 0.5-percentage-point increases in the rate of value-added tax are the only significant tax-policy changes announced in the Budget that was tabled yesterday. The decision to scrap the VAT increases planned for the 2025/26 and 2026/27 fiscal years means the proposal to expand the basket of zero-rated food items beyond the current 21 items has also been withdrawn. According to Nat…
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