Stein Accounting Services

27/02/2026

The 2026 Budget introduces several changes affecting individuals, homeowners, and businesses. The previously planned R20 billion tax increase has been withdrawn, meaning no broad‑based tax hikes this year. Personal income tax brackets, rebates and medical tax credits have all been fully adjusted for inflation, providing relief from bracket creep.

For small businesses, the compulsory VAT registration and Turnover Tax thresholds increase from R1 million to R2.3 million, easing compliance and cash‑flow pressure. Savings and retirement incentives have also been strengthened, with higher limits for tax‑free investments, retirement contributions and capital gains exclusions.

Homeowners will benefit from the higher Capital Gains Tax exclusion on the sale of a primary residence, which increases from R2 million to R3 million.

These updates offer meaningful relief and improved planning opportunities across the board.

27/02/2026

https://www.facebook.com/share/17uKCCbZzH/?mibextid=wwXIfr

Enoch Godongwana, Finance Minister, has just adjusted the compulsory VAT registration for businesses from R1 million to R2.3 million.

Since 2009, businesses in South Africa have been required to register for VAT once a R1 million turnover is reached.

The increase, aligned with inflation, addresses years of criticism over a lack of adjustment for years. Many stakeholders argued that this previous lack of adjustment limited business growth.

25/12/2025

10/09/2025

https://dailyinvestor.com/finance/101257/sars-is-coming-after-south-africans-who-have-left-the-country/?fbclid=IwdGRjcAMuOIpleHRuA2FlbQIxMQABHiaVG8I2hRZhRD8O-3tpOcihKv-sY6PwXEnpCamZLAXqlbF9Q4WvRezupN5f_aem_8cDG2TYWvyAi6VQ2LRY5ZQ

South Africans moving abroad must formally cease tax residency with SARS to avoid global tax liabilities, access retirement savings and ensure compliance.

20/11/2023

📸 https://businesstech.co.za/news/finance/731297/warning-over-south-africas-new-two-pot-retirement-system-withdrawal-benefit/?

An expert at Allan Gray warns South Africans to think twice about the savings portion of the two-pot retirement system.

29/04/2023

https://www.news24.com/fin24/opinion/explainer-how-sars-has-changed-tax-compliance-for-transferring-funds-abroad-20230429

Thomas Lobban – Head of Cross-Border Tax at aTax Consulting SA, explains SARS’s amendments to the emigration process.

01/04/2023

https://www.moneyweb.co.za/mymoney/moneyweb-tax/sloppy-trust-administration-days-are-coming-to-an-end/

New reporting obligations await trustees.

01/04/2023

https://mcusercontent.com/25fc0be66eb7a7365dd06203e/files/c5634951-cd5b-b2cf-0e56-c09a57374881/Deregistration_of_Tax_Types_2023v1.2.pdf?mibextid=Zxz2cZ

05/06/2022

https://www.moneyweb.co.za/mymoney/moneyweb-tax/tax-season-will-be-shorter-this-year/?fs=e&s=cl

Taxpayers are advised to get ready sooner rather than later.

19/12/2021

https://businesstech.co.za/news/property/546656/stricter-lending-criteria-for-self-employed-bond-applicants-in-south-africa/?fbclid=IwAR0oXkUAABHkulJl6uFLKK5ymcOeFQHeVIi951lmomqWq4XfmtXVZa6IOrM

Banks are generally more cautious about granting loans to self-employed home buyers in South Africa.