Tag: Latita Africa
2025 Budget Speech raises renewable energy concerns
The 2025 Budget Speech outlines significant opportunities for South Africa’s private renewable energy sector. These opportunities include streamlined public-private partnership (PPP) regulations, expanded infrastructure investment and greater clarity around grid upgrades. However, it also raises important concerns for private developers and investors.
Global minimum tax compliance – what SA’s MNEs need to know
President Cyril Ramaphosa recently signed the Global Minimum Tax Act and the Global Minimum Tax Administration Act into law. The new laws implement the OECD Global Anti-Base Erosion (GloBE) rules. These rules aim to prevent tax losses caused by Multinational Enterprises (MNEs) operating in foreign low-tax jurisdictions. Both laws enforce a minimum 15% global tax on MNEs based or operating in South Africa.
Two-pot savings and SARS – managing tax debt on withdrawals
Two-pot savings and South African Revenue Service (SARS) became a crucial topic when taxpayers realised they cannot access their savings without settling tax debts first. South African taxpayers withdrawing from their two-pot savings must first settle any outstanding tax debt unless arrangements exist with SARS.
Combating holiday tax scams – stay alert and safe
With the holidays around the corner, combating holiday tax scams is more important than ever. While it is the season to be jolly, it is also a time for caution in South Africa. During this period, South Africans face a heightened risk of tax scams.
