TAX

Project AmaBillions: What Budget 3.0 Means for You New Focus. New Funding. New Pressure on Taxpayers. With Budget 3.0 scrapping the proposed VAT increase, the pressure is now squarely on SARS to close the funding gap. That’s where Project AmaBillions comes in—SARS’ ambitious plan to collect billions in outstanding tax debt. This isn’t just a […]

Tax Filing Season 2025: Make It Count with the Right Systems in Place Your guide to smarter filing and maximising your intellectual capital The 2025 tax filing season officially opens on 7 July, and with it comes an opportunity to not just stay compliant—but to make strategic decisions that unlock value in your business and

Tax Avoidance vs Tax Evasion: Knowing Where the Line Is Tax strategy is part of doing business – but there’s a critical difference between doing it right and stepping over the line. Tax avoidance is a legal and often encouraged part of financial planning. Tax evasion, on the other hand, is a criminal offence that

EMP501 and ROE Filing Season is Now Open The 2025 filing season is officially underway for both the Bi-Annual Employer Reconciliation (EMP501) and the Return of Earnings (ROE) to the Compensation Fund. If you’re an employer, now is the time to get your submissions in order to avoid penalties and ensure compliance. EMP501 Submissions to

SARS Cracks Down on the R800 Billion Tax Gap – What You Need to Know South Africa’s 2025 Budget allocation has made one thing clear: SARS is intensifying its efforts to close the country’s tax gap, now estimated at a staggering R800 billion. This renewed focus means that taxpayers—both individuals and businesses—face increasing scrutiny, tighter

Why Use a Registered Tax Practitioner? Here’s What SARS Says… “Protect Yourself – Use Only Registered Tax Practitioners” – this was one of SARS’ key messages this year, emphasizing the risks of using unregistered practitioners. To help taxpayers verify credentials, SARS has introduced an online tool for checking a tax practitioner’s registration status. At BGR,

Budget 2025: Your Tax Tables and Tax Calculator Budget 2025: Your Tax Tables and Tax Calculator Budget 2025 will effectively bring about an increase in personal income tax by not adjusting the tables for tax rates, rebates, and credits, while also implementing substantial increases in ‘sin’ taxes. Furthermore, a 0.5% VAT increase will be introduced

What Should I Do If I Disagree with SARS? If you disagree with an SARS assessment, swift action and careful management of the dispute process will maximize your chances of a favorable outcome. This is because various deadlines must be met, a payment suspension must be requested, and a solid objection must be presented and