The 2025 Budget brings a mix of relief and challenges. Education gets a boost, with R332.3 billion allocated, but most of it goes to salaries. Social grants are increasing—old-age grants rise to R2,315, and child support grants to R560. However, consumers will feel the pinch as VAT increases by 0.5 percentage points in both 2025 and 2026. Sin taxes are also up, making alcohol and cigarettes more expensive. Healthcare sees major funding, while defence and security receive an extra R9.4 billion. The budget aims to balance economic growth with essential public services, but rising costs remain a concern.

When employees travel abroad for work, they incur additional expenses for food, transportation, and incidentals. Reimbursing these costs can be time-consuming if employees are required to submit receipts and detailed records. To simplify this, the South African Revenue Service (SARS) allows employers to pay a subsistence allowance. This allowance, if paid within SARS-approved limits, is tax-free and does not require employees to submit proof of expenses for the covered amounts.

The topic of companies providing interest-free loans to directors in South Africa involves both legal and tax considerations. While the Companies Act permits loans under specific conditions, tax implications like fringe benefits and deemed dividends may arise. This article outlines the important factors to consider and offers practical advice to ensure compliance and avoid potential tax consequences. Read on to gain a deeper understanding of how to navigate this issue effectively.

Cyber fraud aimed at taxpayers is becoming more common, with scammers pretending to be SARS and asking for payments or personal details. Find out how to spot the red flags, protect your information, and stay safe from these scams in this easy-to-follow guide. Stay aware and protect your money.

Staying on top of tax deadlines doesn't have to be stressful. This article explains the 12-month rule for filing company tax returns in simple, clear terms. With insights from SARS and CIBA tax practitioners, it's a helpful guide to staying compliant and avoiding penalties while keeping the process smooth and manageable. Read on for practical tips and advice.

The recent changes in the Draft Tax Administration Laws Amendment Bill emphasise the urgent need for tax practitioners to ensure their clients comply with the new SARS regulations on appointing Public Officers. This article explains the requirements and their possible implications. By grasping these updates, you can help your clients avoid penalties and maintain compliance.