Budget 2025: How It Affects You and Your Business

| Forward email

Huysamen Westraad Incorporated

April 2025

Budget 2025: How It Affects You and Your Business

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.

| read more |




	Budget 2025: Your Tax Tables and Tax Calculator		Why Use a Registered Tax Practitioner? Here’s What SARS Says…		5 Tips for Using Reviews to Boost Your Business


	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.
\| read more \|		\| read more \|		\| read more \|

Your Tax Deadlines for April 2025

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.

Physical Address:

Manor House, Farm 3
Vineyards Office Estate
99 Jip de Jager Drive
Bellville, 7530

Postal Address:

P.O. Box 1950 Bellville

Contact Details:

Tel: 021 945 1009
Fax: 021 946 4086
Email: admin@dhw.co.za

Disclaimer

The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact us for professional, detailed and appropriate advice.

A Client Connection Service by DotNews