ART Accounting Solutions

Big VAT changes coming to South Africa – Daily Investor

Big VAT changes coming to South Africa SARS is rolling out a VAT modernisation programme to enable real-time data collection and e-invoicing to improve compliance and reduce the administrative burden on taxpayers.

One tax change will cost South Africans over R10,000 a year – Daily Investor

One tax change will cost South Africans over R10,000 a year The government’s plan to phase out medical scheme tax credits could cost taxpayers over R10,000 a year, reducing take-home pay and making private healthcare less affordable.

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SARS cracks down on influencers: Free trips, brand deals now count as taxable income South African social media influencers are urged to declare their income as SARS intensifies efforts to collect unpaid taxes, warning of severe penalties for non-compliance

Big VAT changes on the cards for South Africa – Daily Investor

Big VAT changes on the cards for South Africa The National Treasury and SARS are moving ahead with the VAT Modernisation Project, which is set to introduce real-time reporting, streamline administration, and tighten compliance for businesses and individuals.

https://www.citizen.co.za/kempton-express/news-headlines/local-news/2025/06/20/sars-individual-filing-season-2025-key-dates-new-efiling-features/

SARS Individual Filing Season 2025: Key dates & new eFiling features | Kempton Express SARS urges taxpayers to prepare early, update details, and gather documents, while announcing new Express Functionality on eFiling for easier submissions and auto-assessments. Stay informed and vigilant against tax fraud.

🚨 Attention Directors and Members!🚨

CIPC has identified companies and close corporations that have not complied with filing their Beneficial Ownership (BO) declarations and securities registers.

📌 Act Now:
• Check if your entity is on the non-compliance list here🔗https://bit.ly/3CumllF
• Need help? Follow our step-by-step guide here🔗https://bit.ly/4aafFEp
• Keep your contact details updated🔗https://bit.ly/4hdllkP

Ensure compliance and avoid interruptions of your business operations!

https://businesstech.co.za/news/finance/808746/sars-is-coming-after-your-bank-account/

SARS is coming after your bank account SARS has a firm new target in 2025, and it has far-reaching powers to take what it is owed—with or without their permission.

Warmest wishes for a joyful holiday season! May your days be filled with laughter and cheer. Merry Christmas!