Oosthuizen Booyse and Associates Inc.

22/12/2025

🇿🇦 2025 Retrospective: Navigating the Evolution of South African Tax & Finance

As we prepare to close the 2025 calendar year, the team at Oosthuizen Booyse and Associates Inc has been reflecting on a year of significant transition for both individual taxpayers and the business sector.

The landscape has changed, and staying ahead of the curve has never been more vital.

Here is our summary of the 2025 milestones and a glimpse into what 2026 holds:

🔍 2025: The Year in Review

* The Two-Pot Reality: This was the year the Two-Pot Retirement System truly hit home. We assisted many clients in understanding the tax implications of their "Savings Component" withdrawals, which are taxed at marginal rates.

* SARS Modernization: 2025 saw a massive surge in AI-driven auto-assessments. SARS has become increasingly efficient at identifying discrepancies through third-party data matching.

* Interest Rate Relief: After a long wait, the late-2024 and 2025 rate cuts provided much-needed breathing room for debt-servicing businesses and homeowners alike.

* Infrastructure Incentives: We saw a continued focus on tax breaks for renewable energy and infrastructure, as the Government of National Unity (GNU) pushed for economic stability.

🚀 Looking Ahead: What’s on the Horizon for 2026?

The 2026 tax year (starting 1 March 2026 for individuals) is already shaping up to be a busy one:

* Strict Payroll Compliance: SARS is moving toward a "real-time" payroll reporting environment. By 2026, the margin for error in monthly EMP201 submissions will be virtually zero.

* Corporate Transparency: Expect more rigorous "Ultimate Beneficial Ownership" (UBO) reporting requirements to ensure South Africa remains off the FATF greylist.

* Bracket Creep Awareness: With inflation remaining a factor, "bracket creep" is a real risk. Professional tax structuring will be essential to ensure you aren't paying more than your fair share as your income grows.

* The 2026 Budget Speech: We are keeping a close eye on the February 2026 Budget Speech, which will dictate the fiscal path for the remainder of the decade.

💡 Partner with the Experts

At Oosthuizen Booyse and Associates Inc, we don't just crunch numbers; we provide the insight you need to thrive in a changing economy.

Whether you are looking for corporate compliance or personal tax optimization, we are here to guide you.

22/12/2025

Dear Valued Client,

​As we wrap up 2025, we want to say thank you for your continued support this year!

​Please take note of our festive season office closure:

​🚪 Closing: Friday, 19 December 2025
🔑 Reopening: Monday, 05 January 2026

​We wish you a wonderful festive season and a happy New Year! 🌟

​Warm regards,

The OBAA Team

10/08/2025

Should my small business be registered for VAT?

If SARS discovers that your business has exceeded the R1-million annual turnover threshold, they can register you automatically. SARS can backdate the registration to when the business first crossed the threshold, leading to unexpected penalties and interest, even if you never charged your customers...

14/03/2025

Dear Clients,

Oosthuizen Booyse and Associates Inc. has conducted an in-depth analysis of the 2024 Budget Speech, utilizing primary sources from the National Treasury and SARS.

Here’s a detailed breakdown of the key implications:

1. Fiscal Policy and Debt Management (National Treasury):

Fiscal Consolidation:

The budget prioritizes stabilizing public finances and reducing the national debt.

This involves stringent expenditure control and efforts to achieve a primary budget surplus.

Debt Reduction:

The government aims to slow the rate of debt accumulation and reduce debt-service costs.

This strategy is crucial for long-term fiscal sustainability.

2. Tax and Revenue Measures:

VAT Rate Adjustment (National Treasury):

A phased VAT rate increase:

15.5% effective 1 May 2025, and 16% effective 1 April 2026.

This measure is a key component of the government's revenue mobilization strategy.

VAT Zero-Rated Goods (National Treasury):

Expansion of the list of zero-rated food items to mitigate the impact of the VAT increase on low-income households. This includes specific additions to meat and vegetable products.

Excise Duties (National Treasury):

Increases in excise duties on alcohol and to***co products.

Personal Income Tax (National Treasury/SARS):

No significant changes to personal income tax rates.

However, SARS will intensify efforts to ensure compliance and accurate tax filing.

Corporate Income Tax (National Treasury/SARS):

Emphasis on ensuring compliance, and closing of tax loop holes.

Information regarding specific business incentives will be made available by SARS, and the national treasury in the coming weeks.

3. SARS Administration and Compliance:

Enhanced Compliance Measures (SARS):

SARS is strengthening its capacity to detect and address tax evasion and non-compliance.
Increased focus on digital transformation to improve service delivery and compliance monitoring.

Digital Services:

SARS is continuing to improve its digital services to make it easier for taxpayers to comply with their obligations.

4. Business Impact:

Infrastructure Investment (National Treasury):

Significant allocations for infrastructure projects, creating opportunities in construction and related sectors.

Economic Growth Initiatives (National Treasury):

Measures to stimulate economic growth, including support for SMEs and initiatives to address the energy crisis.

Energy Sector (National Treasury):

Continued focus on addressing the energy crisis, with implications for business operational costs.

Actionable Insights:

Businesses should prepare for the phased VAT rate increases and ensure their systems are updated.

Taxpayers must maintain accurate records and comply with SARS regulations.

Businesses should explore opportunities arising from infrastructure investments and economic growth initiatives.

For comprehensive details, please:

Download our Oosthuizen Booyse and Associates Inc. app on the Google Play Store. We will be providing more information.

Please contact us for a consultation for in depth advisory and consulting relating to your individual business needs.

Visit the National Treasury website:

www.treasury.gov.za

and
https://www.treasury.gov.za/documents/national%20budget/2024/speech/speech.pdf

Visit the SARS website: www.sars.gov.za and https://www.sars.gov.za/newsroom/

We are committed to providing expert guidance. Contact us for personalized advice.

Sincerely,

The Directors of Oosthuizen Booyse and Associates Inc.

25/02/2025

Protect Your Bottom Line!

✅ Audit-ready books mean peace of mind.

Whether it’s monthly management accounts or annual financial statements, OBAA ensures accuracy, compliance, and transparency.

📞 Call us today for expert accounting support!

087 004 0600

24/02/2025

🎯 Boost Growth with SARS Incentives

SARS offers incentives for businesses investing in renewable energy, employee training, and research and development. Leveraging these can reduce your tax liability while promoting business innovation.

💡 Partner with OBAA to align tax strategies with your growth goals!

www.ob-group.co.za

19/02/2025

🌟 Think Big, Start Small

Dream big for your business, but break those dreams into manageable steps. Ambitious goals drive innovation, but realistic milestones keep you on track.

Example: If your goal is to open a new branch, start with an analysis of potential locations and forecast your budget by Q2.

Our management consulting services provide actionable strategies to achieve your ambitious goals without overwhelming your resources.

Plan for success—both big and small.

📆 Book a consultation with OBAA today!

[email protected]

18/02/2025

Decisions Backed by Data

📈 Good accounting turns numbers into strategy.

Up-to-date financial records reveal what’s working and what’s not. OBAA ensures your data drives smarter business decisions.

🤝 Let’s grow your business together!

www.ob-group.co.za

17/02/2025

Monitor Progress, Adapt Strategies!

📊 Goals Are Just the Start—Track and Adjust!

Setting goals is step one. Step two is consistently tracking progress and adapting to challenges. Schedule regular reviews to assess whether you’re on track or need to pivot.

OBAA’s advisory services help you monitor performance and make informed decisions throughout the year. From identifying gaps to capitalising on opportunities, we’re here to guide you.

👥 Stay on top of your goals with a trusted partner. Contact OBAA to schedule your goal-setting session.

087 004 0600
[email protected]

12/02/2025

Maximise Your Deductions

💼 Every Rand Saved Counts!

Ensure you're claiming all allowable deductions, including expenses like office supplies, employee training, and travel. Proper documentation is key to staying SARS-compliant while reducing your taxable income.

📩 Need guidance? OBAA can help identify overlooked deductions.

www.ob-group.co.za

11/02/2025

Value-Added Tax Act (VAT) - What Is It?

The VAT Act (No. 89 of 1991) governs VAT, which is a consumption-based tax applied to goods and services sold in South Africa.

Key Provisions:

Standard VAT Rate: Set at 15% on most goods and services.

Zero-Rated Items: Some essentials, such as basic food items, exports, and certain farming inputs, are taxed at 0%.

VAT Exemptions: Certain items, including financial services, educational services, and public transport, are exempt from VAT.

VAT Registration: Mandatory for businesses with an annual turnover exceeding R1 million, with optional registration available for businesses with turnover above R50,000.

So now you know! We can help you with your VAT registration - get in touch if you need help!

087 004 0600

10/02/2025

Cash Flow Is King!

💡 Your cash flow tells the real story.

Stay ahead with professional bookkeeping that tracks every cent. Avoid cash crunches and seize new opportunities.

💼 Contact OBAA—your partner in financial clarity.

087 004 0600
[email protected]