2025 National Budget communication from SARS

FISA received the following communication from the South African Revenue Service (SARS) Stakeholder Unit:

Dear Valued Stakeholder

Please note and share the below links with your members as the information relates to Budget 2025.

Budget Webpage

Budget | South African Revenue Service

Legal Counsel

12 March 2025 – National Legislation: The Minister of Finance introduced in the National Assembly:

• Revenue Laws Amendment Bill [B5—2025]

12 March 2025 – National Legislation

• Taxation Proposals as tabled by the Minister of Finance in his Budget Review 2025 at 14:32

14 March 2025 – National Legislation

• 2025 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill

Due date for comment: 31 March 2025

Personal Income Tax

2026 Employees’ Tax deduction tables | South African Revenue Service

Value Added Tax

13 March 2025 – Value-Added Tax Act, 1991

• Frequently Asked Questions: Increase in the VAT Rate from 1 May 2025

To be read with the Pocket Guide on the VAT Rate Increase from 1 May 2025.