https://www.bizcommunity.com/196/512.html South Africa Taxation news 15 Taxation & Regulation news - South Africa https://www.bizcommunity.com/res/img/logo.gif https://www.bizcommunity.com/196/512.html en-us Mon, 02 Nov 2026 04:37:24 +0200 https://www.bizcommunity.com/article/tax-admin-amendment-bill-2026-what-provisional-taxpayers-need-to-know-303158a The Tax Administration Laws Amendment Bill, 2026 (the Bill) tabled at Parliament proposes two changes to the underestimation penalty for underpayment of provisional tax. 1-272933 Wed, 28 Oct 2026 13:02:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/why-sars-interpretation-notes-arent-always-the-final-say-858693a The South African Revenue Service's (SARS) interpretation of tax legislation is guidance, not gospel. This distinction was highlighted on 7 September 2026, when the Supreme Court of Appeal (SCA) dismissed SARS’ appeal in Commissioner for the South African Revenue Service v Cornucopia Trust. By a four-to-one majority, the SCA held that the raising fees in question fall under section 24J of the Income Tax Act as "similar finance charges," proving that the tax authority’s position can be challenged when contradicted by commercial reality. 1-272929 Wed, 28 Oct 2026 11:52:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/sars-addresses-declaration-deadline-as-digital-border-plans-evolve-969154a The South African Revenue Service (Sars) has acknowledged feedback on the 24-hour traveller declaration window while outlining potential developments that could connect its digital declaration system with other border processes. 1-272864 Mon, 26 Oct 2026 11:49:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/concourt-widens-scope-for-pension-interest-redistribution-on-divorce-969114a On 9 October 2026, the Constitutional Court handed down judgment in GD v Minister of Home Affairs and Others, confirming a declaration of constitutional invalidity made by the Eastern Cape High Court in respect of section 7(7)(c) of the Divorce Act 70 of 1979 (Divorce Act). 1-272834 Fri, 23 Oct 2026 11:54:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/if-it-trades-like-a-hotel-why-does-cape-town-tax-it-like-a-home-969024a Hotels in Cape Town must operate as businesses, paying commercial property rates and meeting requirements for safety, labour and insurance, while contributing to the tourism economy. 1-272794 Thu, 22 Oct 2026 15:02:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/exchange-control-changes-in-play-now-what-858313a Most financially active South Africans know the basics: the Single Discretionary Allowance (“SDA”) doubled to R2m in April, trust-to-trust offshore distributions are now permissible, and other thresholds moved. The Reserve Bank issued nine circulars on 8 April 2026. Less discussed is what the smartest moves look like — and where the traps sit. 1-272599 Thu, 15 Oct 2026 15:10:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/key-concourt-ruling-clarifies-motor-sector-provident-fund-calculations-292177a South Africa’s Constitutional Court has issued a ruling clarifying how provident fund contributions must be calculated for temporary employment services (TES) workers in the motor industry. 1-272480 Mon, 12 Oct 2026 16:31:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/getting-price-and-paperwork-right-for-multi-national-entities-303258a For businesses operating across borders, the critical question is not simply whether a related-party transaction has a sound commercial rationale. It is whether the business can demonstrate that the terms reflect the arm’s length principle and can substantiate how those terms were determined if SARS reviews them. Transfer pricing issues can have consequences beyond South African corporate income tax. 1-272433 Fri, 09 Oct 2026 15:26:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/sars-is-going-digital-292997a The South African Revenue Service’s (Sars) recently released VAT Modernisation Consultation Paper signals a significant evolution in how VAT may be administered in South Africa. The proposed Digital VAT Model brings together e-invoicing, an interoperability framework, and e-reporting, with the long-term objective of enabling structured, secure, and near real-time transaction data flows across the VAT ecosystem (South African Revenue Service). 1-272350 Wed, 07 Oct 2026 15:29:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/high-court-reaffirms-strict-personal-liability-for-directors-in-reckless-trading-ruling-181816a A September 2026 High Court judgment has reaffirmed and applied the statutory framework for holding company directors personally liable for reckless trading and conduct calculated to defraud creditors. 1-272318 Tue, 06 Oct 2026 14:53:00 +0200 Bizcommunity Taxation & Regulation South Africa