VAT Archives | Galbraith Rushby

Draft Tax Bill 2025: Key changes impacting Individuals, Companies and Trusts

Uncategorised / By Michael Rushby / 22 August 2025 / company tax, compliance, education, Finance, foreign pensions, foreign retirement funds, hedge funds, individual tax, maintenance, pension funds, retirement funds, SARS, shares, Tax, tax advice, VAT

On 16 August 2025, National Treasury and SARS released the Draft Taxation Laws Amendment Bill (TLAB), 2025, together with the accompanying Explanatory Memorandum. The proposals are open for public comment until 12 September 2025, after which a revised Bill will be tabled in Parliament. The draft bill contains a number of significant proposals aimed at tightening loopholes, […]

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Practical applications of the new VAT increase from 15% to 15.5%

Leave a Comment / Uncategorised / By Jeneen Galbraith / 24 March 2025 / budget speech 2025, contracts, estate agents, Finance, goods and services, payments, SARS, tax advice, VAT

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.

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An overview of the 2025/26 Budget: Navigating Fiscal Challenges Amidst Political Dynamics

Leave a Comment / Uncategorised / By Michael Rushby / 13 March 2025 / budget speech 2025, carbon tax, companies, company tax, foreign exchange, individual tax, pensions, Tax, tax advice, VAT

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

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Draft Tax Bill 2025: Key changes impacting Individuals, Companies and Trusts

Practical applications of the new VAT increase from 15% to 15.5%

An overview of the 2025/26 Budget: Navigating Fiscal Challenges Amidst Political Dynamics

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