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, 12 Oct 2026 23:33:25 +0200 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 https://www.bizcommunity.com/article/deregistration-risk-why-beneficial-ownership-should-not-be-an-afterthought-858413a Beneficial ownership reporting is still treated as mere paperwork for many business owners. However, failing to keep this information accurate and up to date now carries severe risks, warns Janus Joubert of JBS Advisory & Accounting. Since implementing a "hard stop" system in 2024, the Companies and Intellectual Property Commission (CIPC) blocks companies from filing annual returns without current beneficial ownership records - leaving non-compliant businesses facing enforcement action or administrative deregistration. 1-272299 Tue, 06 Oct 2026 11:30:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/moving-money-abroad-new-ai-tool-aims-to-cut-through-sars-red-tape-292887a A new AI tool is taking aim at the red tape facing South Africans abroad and non-residents trying to move money out of the country. 1-272260 Mon, 05 Oct 2026 12:52:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/when-letters-backfire-how-an-aod-sealed-a-debtors-insolvency-fate-303998a Business decisions are often accompanied by risk. This risk element is a particularly live reality when a businessman’s liabilities are calculated to exceed his assets by over R3.14bn – as is the case for Michael Georgiou in the matter of Investec Bank Ltd v Georgiou and Another. 1-272263 Mon, 05 Oct 2026 10:46:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/the-ai-taxman-is-automated-tax-the-future-and-what-happens-when-it-goes-wrong-858813a In many respects, South Africa has therefore already taken its first steps towards a world in which tax increasingly “just happens”. The more interesting question is: how much further could this go? 1-272199 Fri, 02 Oct 2026 09:30:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/avoid-an-expensive-problem-learn-from-recent-fica-enforcement-actions-858823a An R28m administrative penalty for shortcomings under the Financial Intelligence Centre Act (FICA), is a timely reminder that compliance cannot be treated as a once-off exercise. 1-272109 Tue, 29 Sep 2026 13:19:00 +0200 Bizcommunity Taxation & Regulation South Africa https://www.bizcommunity.com/article/what-to-consider-before-nominating-your-child-as-executor-297027a Nominating your child as executor of your will may leave them with one of the hardest jobs they will ever do for you. 1-271910 Mon, 21 Sep 2026 14:27:00 +0200 Bizcommunity Taxation & Regulation South Africa