A recent SAICA submission on the 2026 MTBPS highlights the practical cost of compressed consultation periods. South African businesses should distinguish between policy proposals, draft bills and enacted tax rules before changing their accounting or tax processes.
SARS has published requirements for companies seeking to qualify as a REIT, including asset, rental income, leverage, distribution and governance tests. Property groups should assess their financial reporting and tax controls before the rules apply to a new year of assessment.
SAICA has asked National Treasury to clarify how provisional taxpayer status is determined and to provide relief where obligations only become clear after year-end. The proposal is not law, but it highlights practical cash-flow and compliance risks for businesses with irregular income.
SARS has revised its Authorised Economic Operator accreditation policy, including transitional arrangements and an extended transactional period. Importers should review their customs records, authorisations and internal controls.
South Africa’s finance committees are moving towards finalising the 2026 revised fiscal framework and revenue proposals. SMEs should track the process, but should not treat proposals as enacted tax law.
SAICA has called for clearer tax treatment of obsolete stock. The proposal is not law, but it highlights why businesses should keep strong inventory records and evidence for write-downs.
SARS is seeking stakeholder input on a proposed digital VAT model. VAT vendors should review the consultation paper and assess how e-invoicing, e-reporting and system integration could affect their processes.
SARS has released e@syFile Employer version 8.0.2_418 with an updated EMP501 form. Employers and payroll administrators should confirm their software version and validate payroll data before submitting reconciliations.