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​​SARS is tightening tax collection on cryptocurrency transactions, which makes it important to distinguish between events that will trigger income tax rates or CGT rates.

On 31 July 2020, National Treasury and the South African Revenue Service ("SARS") published the 2020 Draft Taxation Laws Amendment Bill ("Draft TLAB") and the 2020 Draft Tax...

On 25 February 2026, Minister of Finance Enoch Godongwana delivered the anticipated National Budget against a backdrop of slow economic growth, persistently high unemployment, rising living costs...

Individual tax brackets have not been adjusted since 2023/2024 tax year. The 2026/27 budget speech proposes an inflation adjustment for the tax tables and medical aid tax credits which should be welcomed...

The provisions in the Income Tax Act No. 58 of 1962 pertaining to the taxation of Real Estate Investment Trusts ("REITs") are contained in section 25BB and were introduced into the Act with effect from 1 April 2013.

The Organization for Economic Cooperation and Development has recently issued a 15 point action plan on base erosion and profit shifting.

Section 9D of the Income Tax Act, 1962 (the "Act") is aimed at South African residents who directly or indirectly hold more than 50% of the total participation (broadly speaking shares) or voting rights in a foreign company.

The South African Revenue Service (SARS) is in the process of amending the rule to facilitate customs related submission resulting from transfer pricing adjustments ("TPA").

The South African Income Tax Act, 1962 (the "Act") levies dividends tax of 20% on dividends paid by South African resident companies and non-resident companies (but in the latter case

"There can be no objection in principle to the deduction of interest on loans in suitable cases. Loan capital is the life blood of many businesses

The loss incurred due to stock being stolen or damaged may be deductible for income tax purposes if the loss is not recoverable from an insurance claim.

The BEPS Report is aimed at addressing certain tax avoidance strategies used to avoid the creation of a PE.

The establishment of an offshore discretionary trust ("the Trust") by a South African tax resident person ("Settlor") gives rise to various South African tax considerations.

Section 69(7)(a) of the Companies Act No. 71 of 2008 states that a company is ‘ineligible' to be appointed as a director of another company.

It is not uncommon for loan accounts owing by a company ("debtor company") to a shareholder ("creditor") to be sold by the creditor together with the shares in the debtor company.

Below, please find issue 97 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

Under the proposed new rules, employer contributions to any retirement fund will be taxable in the hands of the employee for whose benefit they were made.