
Featured Tax & SARS
SARS diesel refund access now depends on profile validation
Businesses using South Africa’s Diesel Refund Scheme must validate and confirm their SARS legal-entity profiles before registering on the new system.
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Featured Tax & SARS
Businesses using South Africa’s Diesel Refund Scheme must validate and confirm their SARS legal-entity profiles before registering on the new system.
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A Bill introduced in Parliament on 21 October 2026 proposes raising South Africa’s compulsory VAT registration threshold from R1 million to R2.3 million. SMEs should model the possible impact, but must not treat the proposal as enacted law yet.
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SARS says qualifying micro-businesses can access guided Turnover Tax registration through selected self-service kiosks, giving smaller businesses another route to formalise their tax affairs.
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The IASB is considering proposed changes to how acquisition-related payments are classified in statements of cash flows. The decisions are not yet final, but South African finance teams can start assessing whether current transaction records will support clearer reporting if the proposals proceed.
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SARS has issued new guidance explaining how social media influencers and content creators should treat cash, barter benefits, platform income, provisional tax, VAT and business records.
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From 16 October 2026, resident trusts must obtain a Tax Compliance Status Good Standing when presenting a Manual Letter of Compliance to an Authorised Dealer for certain fund transfers.
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CIPC has reminded companies that annual Compliance Checklist submissions are mandatory for several company types. SMEs should treat the checklist as an ongoing Companies Act control, not a once-a-year administrative task.
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SARS has published the explanatory summary of the proposed Tax Administration Laws Amendment Bill, 2026. The proposals could affect provisional tax estimates, PAYE obligations, VAT documentation, tax compliance status and penalty administration. The Bill is not yet law, so businesses should monitor the legislative process and prepare their records without treating the proposals as current requirements.
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CIPC published Publication No. 2026-1781 on 21 October 2026, relating to the final deregistration of companies and close corporations for annual-return non-compliance. Businesses should verify their CIPC status and address any outstanding filings promptly.
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CIPC has introduced the first phase of an updated director amendment process, adding OTP confirmations for certain small companies. SMEs should review director records and internal approval controls before submitting changes.
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CIPC will close to the public from 10:00 on 24 December 2026 until 4 January 2027. Businesses should plan company filings, document lodgements and compliance work before the year-end cut-off.
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SARS has confirmed an important 2026 filing-season change to the tax treatment of certain assessed losses. Sole traders and individuals with side-business income should review whether the revised Section 20A threshold affects their provisional tax estimates and record-keeping.
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