What is the new Threshold for VAT Registration?
From 1 April 2026, the compulsory VAT registration threshold increased from R1 million to R2.3 million. Small businesses only need to register for VAT once their annual turnover exceeds R2.3 million. This means: less paperwork and administration for your business make tax compliance cheaper, more room to grow your business. Find out more here.
FAQ: How To Distinguish Between a Government Department and a Public Entity
A Government department – either a national, provincial or local government entity. A public entity is established by a particular legislative provision.
FAQ: How To Distinguish Between a Body Corporate and a Home Owner’s Association
A Body Corporate is created by law under the Sectional Titles Act and managed under the Sectional Titles Schemes Management Act and registered with the Deeds Office. A Home Owner’s Association (HoA) is an association of persons formed by agreement (constitution/MOI). The levy exemption and basic exemption are applied on assessment for a Body Corporate […]
FAQ: What Is the Difference Between an NPO, an NPC and a PBO?
An NPO is an entity registered with the Department of Social Development (DSD): NPO Directorate. NPOs are not automatically exempt based on their registration as an NPO or because of its altruistic and philanthropic objectives and activities. An NPC is a legal entity type that is registered with Companies and Intellectual Property Commission (CIPC). NPCs […]
FAQ: Can an Existing PBO Apply for Section 18A Approval?
An existing PBO may apply for Section 18A approval on the EI Application form (RAVTEI) via either eFiling or at its nearest SARS Branch Office. If the approved Exempt Institution was previously registered with SARS as an “Association Not for Gain” or a “Welfare Organisation” the entity will be required to amend their Nature of […]
FAQ: How do I approve eFiling payments on the JP Morgan Access platform?
JP Morgan clients are encouraged to contact the JP Morgan helpdesk for all queries relating to approving eFiling payments in the bank’s Access platform: [email protected].
FAQ: What should taxpayers do ahead of the launch date?
Taxpayers are encouraged to review their SARS eFiling profiles, ensure that entity access and authorisation details are correctly configured, and familiarise themselves with available guidance before 16 March 2026. Entities should nominate and authorise a person to be a Registered Representative to transact on eFiling on their behalf. Guidance on how to do this is […]
FAQ: How will GMT be administered on SARS systems?
GMT will be administered as a dedicated tax category on SARS eFiling, subject to existing entity governance and access controls.
FAQ: Who is required to register for GMT?
Domestic Constituent Entities that fall within the scope of the Global Minimum Tax framework are required to subscribe to GMT on SARS eFiling.
FAQ: When does GMT functionality become available on SARS eFiling?
The Global Minimum Tax functionality on SARS eFiling will be available from 16 March 2026.
