South Africa Gazettes Act Amending Various Tax Provisions, Rates for 2026

The South African Official Gazette April 1 published Act No. 3/2026, amending various tax provisions and rates for 2026. The law includes measures: 1) increasing, to 1.2 million South African rand (US$70,620), from 1.1 million rand (US$64,734), the monetary threshold for transfer duty; 2) increasing, to 2,500 rand (US$147), from 2,000 rand (US$118), the maximum monthly incentive amount; 3) increasing, to 7,500 rand (US$441), from 6,500 rand (US$383), the qualifying remuneration threshold; 4) increasing the carbon tax fuel levy component effective Jan. 1, 2025; and 5) preventing the VAT rate increase announced in the 2025 national budget, effective from May ...