Using the OECD’s latest comparative tax tables for 2021, South Africa’s average tax rate comes in on the lower end compared to partner nations – with the OECD average sitting at 24.5%.

Section 9(2)(i) of the Income Tax Act deems these amounts to be from a South African source, meaning they remain within South Africa’s taxing jurisdiction even if the individual is no longer a ...

South Africa's tax service said on Friday that 21.4 billion rand ($1.2 billion) had been paid out in the six weeks since a reform took effect allowing people to make partial withdrawals from their ...

South Africa’s vaping tax is not well-targeted to reduce consumption of vaping products by the youth. ... (See table 1 in the original article). The new tax will affect disposables the least, ...

South Africa’s National Treasury will scrap a proposed tax increase that threatened to rupture the nation’s coalition government. The rand rallied. A bill will be introduced in parliament ...

In this episode of Tax Notes Talk, South African Revenue Service Commissioner Edward Kieswetter discusses his tenure leading the agency and the country’s position in the modernization of the ...

Enoch Godongwana will deliver the 2023 Medium Term Budget Policy Statement (MTBPS) on Wednesday and the Chartered Institute for Business Accountants (Ciba) is hoping the minister will not further ...

South Africa's finance ministry said on Wednesday that a new budget would be presented on May 21 which would maintain the government's focus on stabilising public debt.

University of Cape Town researchers argue that South Africa’s new vaping tax actually doesn’t do enough to deter young smokers. ... (See table 2 in the original article)]. ...

Previously, individuals ceasing tax residency in South Africa (i.e., undergoing a residency cessation / financial emigration process) could withdraw their retirement funds, in full, upon the ...

Sugar tax. In 2018, in an attempt to address South Africa’s obesity, diabetes and other non-communicable diseases, National Treasury imposed a tax on sugar-sweetened beverages, known as the ...