Running a business in South Africa is no small feat — between clients, invoices, and keeping your head above water, there’s a question that almost every entrepreneur asks at some point: “Can I write this off as a business deduction?” The answer? It depends. SARS allows quite a few deductions for registered businesses and sole…
Let me be honest with you. If you’re running a business, freelancing, or juggling multiple income streams, SARS will always win — unless you do something about it. It’s not a threat. It’s just how the system works. I’ve seen it too many times: The penalty letters The missed deadlines The interest snowball The…
With tax season underway in South Africa, many people are asking: what happens if you win big through gambling? Do you need to declare your winnings, and what are the risks if you don’t? Here’s a quick guide to help you understand what SARS expects, when gambling is taxable, and how to stay compliant while…
Failing to submit tax returns in South Africa is a legal offence – even if all your taxes have already been paid. In recent weeks, South African media has been buzzing about a high-profile case where a well-known individual was fined for failing to submit tax returns. While the headlines may seem sensational, the underlying issue…
Preparing for the 2025 provisional tax season in South Africa can feel overwhelming—especially if you’re new to the process or your income fluctuates throughout the year. With so many rules and deadlines, it’s reassuring to know that PATC, your trusted tax specialists, are here to guide you every step of the way. If you’re looking…
The 2025 tax filing season has officially opened, and staying on top of the important dates is crucial for successful tax compliance. SARS announced that the 2025 Filing Season is effective from 7 July 2025 to 20 October 2025, with different deadlines for various taxpayer categories. Critical 2025 Tax Filing Season Dates at a Glance…
The South African Revenue Service (SARS) has announced that electronic invoicing (e-invoicing) will become mandatory by 2028. This change is part of their ongoing VAT modernisation strategy – and it will have a big impact on how businesses handle their invoices and tax reporting. What is E-Invoicing? E-invoicing is a digital way of sending and…
As we step into the new financial year, it’s the perfect time to get your books in order. Whether you’re running a small business or managing personal finances, good bookkeeping habits are essential. Let’s walk through a few best practices that will help you stay organised, stay compliant, and set yourself up for financial success…
The South African government has announced a forthcoming increase in the Value-Added Tax (VAT) rate, set to rise from the current 15% to 15.5% on 1 May 2025, with a subsequent increase to 16% on 1 April 2026. This staggered approach replaces the initially proposed 2% hike and aims to balance revenue generation with economic…
2026 tax year in South Africa introduces several important changes that will impact both individuals and businesses. As a taxpayer, it’s crucial to stay informed about these updates to ensure compliance and optimise your financial planning. Understanding these shifts can help you avoid penalties, take advantage of available incentives, and streamline your tax obligations. Key…
