The 2026 Budget Speech also introduces important changes that will affect businesses, particularly SMEs. VAT Registration Threshold Increase Effective 1 April 2026, the compulsory VAT registration threshold increases from R1 million to R2.3 million. This change reduces the compliance burden…
The 2026 Budget Speech introduces several updates aimed at providing relief and encouraging savings for South African taxpayers. Personal Income Tax Relief Adjustments to personal income tax brackets offer some relief, helping individuals better manage the rising cost of living…
Herewith are the highlights: Tax matters Tax is always a matter of discussion and, unfortunately, a jargon-filled language that not everyone speaks. Contact PRNC to get better acquainted and make sense of your tax situation, especially regarding tax tables, rebates…