The Virtual Accountant SA

Here is the expected petrol price for September Mid-month data from the CEF shows that motorists in South Africa are in for pain at the pumps next month, as the resurgence of war in the Middle East batters markets.

Important update about R30,000 fine for people with solar in South Africa South African households with rooftop solar systems have been given an important update on the looming 30 September 2026 registration deadline.

South African banks could soon be given clearer powers to screen tax refunds before or after they are paid into customers’ accounts, under proposed changes to the country’s tax administration laws.
Read on https://tinyurl.com/3h5tf5bn

⛽ The adjusted fuel prices are now in effect.

📄 Read the full statement by Minister Gwede Mantashe: https://zurl.co/jp28q

Media Release: SARS urges schools to apply for VAT deregistration

SARS calls on schools registered under the South African Schools Act that are registered as VAT vendors to apply for cancellation of their VAT registration, following the legislative change in the VAT treatment of schools with effect from 1 January 2026: https://www.sars.gov.za/media-release/sars-urges-schools-to-apply-for-vat-deregistration/

SARS is coming after private schools in South Africa Private schools in South Africa registered for VAT face a significant tax change, with the first payments due from January 2027.

New R500 visa fee coming to South Africa The Department of Home Affairs has gazetted proposed regulations to introduce an R500 processing fee for ETAs in South Africa.

Missing a SARS filing deadline can have serious financial consequences, ranging from administrative penalties to interest charges and potential legal action in severe cases.
Read on https://tinyurl.com/285uhkz7