The recent increase in VAT by 0.5% has significant implications for businesses and individuals, particularly for ongoing transactions that have not yet been completed. Understanding the “time of supply” is crucial, as it determines when VAT liability is triggered. The time of supply is the earlier of the invoice or the receipt of the payment. […]
Practical applications of the new VAT increase from 15% to 15.5% Read More »
South Africa’s 2025/26 budget, presented by Finance Minister Enoch Godongwana on March 12, 2025, comes at a pivotal time for the nation. The budget’s unveiling was notably delayed due to internal disagreements within the coalition government, particularly concerning a proposed increase in the Value-Added Tax (VAT). It was a bit like watching a movie and
The 2025 Budget Speech confirmed the government’s intention to amend the cross-border tax treatment of retirement funds.
Foreign Pensions and South African Tax: Understanding the Current Landscape Read More »
