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South Africa: Tax provisions in 2026/2027 budget

Overview of direct and indirect tax provisions

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march 2, 2026

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

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