South Africa: Tax provisions in 2026/2027 budget
Overview of direct and indirect tax provisions
The KPMG member firm in South Africa prepared a February 2026 report summarizing the tax provisions in the 2026/2027 budget, which covers:
- Individuals and special trusts (including income tax, capital gains tax, allowances, fringe benefits, exemptions, deductions, medical and disability expenses, tax-free savings and investment accounts, and taxation of lump-sum benefits)
- Companies and employers (including corporate tax rates, capital gains tax, and payroll taxes and levies)
- Value added tax (VAT)
- Corporate income tax
- Other incentives
- Provisional tax
- International tax and exchange control
- Customs and excise
- Environmental taxes
- Transfer duty and securities transfer tax
- Estate duty and donations tax
- Administrative non-compliance penalties
- Voluntary disclosure program