Johannesburg, 19 February 2024 – Whilst many are speculating as to what tax increases or incentives the Minister of Finances will announce in his 2024 Budget Speech on 21 February, questions may also arise regarding the plans to further capacitate the South African Revenue Service (SARS) to expand the tax base and improve overall tax compliance.

Johannesburg, 16 February 2024 – Seventeen years is a long time to be in a state of crisis. With load shedding starting in 2007 and no end in sight, the question is where to from here? Lisa Kahanovitz, Project Director: Tax Advocacy at the South African Institute of Chartered Accountants, takes a closer look.

Johannesburg, 16 February 2024 – In the 2023 Medium Term Budget Policy Statement, the Minister of Finance already identified that tax collections would not be as robust as he had projected in February 2023. A downward adjustment of R53 billion was then made to the 2024/2025 expected revenue collections, though tax revenues were expected to increase to R2,1 trillion over the 2023-2026 medium term. In addition, the Minister noted that he would also have to raise additional revenue to partially plug this hole, and a need for a further R15 billion in taxes was projected for the 2024/2025 fiscal year.