The proposed VAT increase of 0.5% in 2025 and another 0.5% in 2026 is the big news from Budget Speech 2025. The increase is strongly opposed by political parties within and outside the GNU – but it is only one way in which individual and corporate taxpayers will bear the brunt of another substantial Budget shortfall.    

Here’s a brief overview of how the tabled Budget 2025 proposals will impact individuals and businesses (if they come into effect). Professional tax advice has never been more important.

In its current form, 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 and introducing a 0.5% VAT increase on 1 May 2025 and another 0.5% increase effective 1 April 2026.  

This selection of official SARS Tax Tables and other useful resources will help clarify your tax position for the new tax year. 

“Protect Yourself – Use Only Registered Tax Practitioners” was among the first messages from SARS this year. The message also highlighted the risks of engaging the services of unregistered practitioners and provided an online look-up feature where a practitioner’s registration can be verified.

Not only are we proud to confirm that our team of tax professionals is correctly registered, we’re also pleased to highlight the many benefits that come from working with registered tax practitioners. 

In the history of business, little has been as effective in making or breaking sales as customer reviews. With Google now placing increasing relevance on tracking and promoting companies with genuine good reviews, this has never been truer than it is now.

What many don’t know, however, is that it’s what you do after receiving a review that makes the biggest difference. Here are five ways you can capitalise on your reviews to improve your business. 

• 01 April – Start of the 2025/26 Financial Year
  
  
• 07 April - PAYE submissions and payments
  
  
• 25 April – VAT manual submissions and payments
  
  
• 29 April – Excise duty payments
  
  
• 30 April – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.