Johannesburg, 31 July 2025 – The South African Institute of Chartered Accountants (SAICA) welcomes positive changes announced by National Treasury on 23 July 2025 that should assist the country in creating a budget and budget process that is not only efficient, but also effective in dealing with the needs of South Africa, its people and the unique challenges and trade-offs we face.

Trust and company service providers (TCSPs) operate in an environment that makes them vulnerable to abuse by entities or individuals who may seek to misuse corporate structures to hide illicit funds and their beneficial owners.

As the 2025 tax filing season ramps up, taxpayers and tax practitioners must remain alert due to increased scams and fraudulent activity that will leverage and seek to undermine the Tax Filing 2025 Season.