Taxation Laws Amendment Act
This section amends several tax-law definitions and rules for retirement and savings fund withdrawals.
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Statute overview
About this statute
This section amends several tax-law definitions and rules for retirement and savings fund withdrawals. This section amends an income-tax provision dealing with certain lump sums received from an employer or associated institution, and sets different commencement dates for different paragraphs. This provision amends sections 6quat and 7 of the Income Tax Act, including replacing certain percentages with 100 per cent and changing when several amended paragraphs take effect. This provision amends parts of the Income Tax Act, including rules about certain conditional donations or transfers and replacing specified percentages with 100 percent in a referenced schedule. This provision amends income tax rules so that certain motor vehicle rental payments are treated as an employee allowance, and it sets the commencement date for part of the amendment.
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Provisions of Taxation Laws Amendment Act
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Schedule 1 to that Act, section 2 of Act 22 of 2012, section 4 of Act 31 of 2013, section
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No. 54448
AI-assisted research summary: This section amends several tax-law definitions and rules for retirement and savings fund withdrawals.
6 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 6 ‘‘Provided that in determining the value of [two-thirds of] the total member’s interest in the vested component an amount calculated as follows must not be taken into account—’’; (g) by the substitution in the definition of ‘‘provident fund’’ in subparagraph (dd) of paragraph (ii) of the proviso to the definition of ‘‘provident fund’’ for the words of the proviso preceding paragraph (a) of the following words: ‘‘Provided that in determining the value of [two-thirds of] the total member’s interest in the vested component an amount calculated as follows must not be taken into account—’’; (h) by the substitution in the definition of ‘‘provident preservation fund’’ in paragraph (c) of the proviso to that definition for item (A) of paragraph (ii)(bb) of the proviso to that paragraph of the following item: ‘‘(A) is a person who is not a resident for an uninterrupted period of three years or longer on or after 1 March 2021: Provided that the restriction of three years or longer must not apply to— (a) the withdrawal by the member of the amount referred to in paragraph (c); or (b) an amount transferred by the member in terms of para- graph 2(1)(c) of the Second Schedule to this fund; or’’; (i) by the substitution in the definition of ‘‘provident preservation fund’’ in the proviso to paragraph (e) of the proviso to the definition of the words preceding paragraph (a) of the following words: ‘‘Provided that in determining the value of [two-thirds of] the total member’s interest in the vested component an amount calculated as follows must not be taken into account—’’; (j) by the addition in the definition of ‘‘remuneration proxy’’ of the following further proviso: ‘‘: Provided further that an amount of remuneration referred to in this definition must be increased by the amount that is exempt from tax under section 10(1)(o) during the relevant period in the previous year of assessment;’’; (k) by the substitution in subparagraph (ii) of paragraph (b) of the proviso to the definition of ‘‘retirement annuity fund’’ for the words of the proviso preceding paragraph (a) of the following words: ‘‘Provided that in determining the value of [two-thirds of] the total member’s [retirement] interest in the vested component an amount calculated as follows must not be taken into account:’’; (l) by the substitution in paragraph (g) of the proviso to the definition of ‘‘savings component’’ for the words preceding subparagraph (i) of the following words: ‘‘the member’s interest in this component may, on election of the member [or], nominee or dependant—’’; (m) by the substitution in the proviso to the definition of ‘‘savings withdrawal benefit’’ for paragraph (c) of the following paragraph: ‘‘(c) the value of each withdrawal, before taking into account any charges or transaction costs, may not be less than R2 000: Provided that where a member terminates their membership in [their respective funds] that fund within any year of assessment [and the value of the member’s interest in the savings component is less than R2 000], such member may be allowed a withdrawal of the total balance in the savings component whether or not such member has made a withdrawal from that fund as contemplated in paragraph (a) or (b) during that same year of assessment;’’; and (n) by the substitution in the definition of ‘‘severance benefit’’ for the words preceding paragraph (a) of the following words: 5 10 15 20 25 30 35 40 45 50 ‘‘ ‘severance benefit’ means any amount (other than a lump sum benefit or an amount contemplated in paragraph (d)(ii) or (iii) of the definition 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 7 Wet no. 5 van 2026 7 ‘‘Met dien verstande dat by die bepaling van die waarde van [twee- derdes van] die totaal van die lid se belang in die gevestigde komponent, word ’n bedrag as volg bereken nie in berekening gebring nie—’’; (g) deur in die omskrywing van ‘‘voorsorgfonds’’ in subparagraaf (dd) van paragraaf (ii) van die voorbehoudsbepaling tot die omskrywing van ‘‘voorsorgfonds’’ die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Met dien verstande dat by die bepaling van die waarde van [twee- derdes van] die totaal van die lid se belang in die gevestigde komponent, ’n bedrag soos volg bepaal nie in berekening gebring moet word nie—’’; (h) deur in die omskrywing van ‘‘voorsorgbewaringsfonds’’ in paragraaf (c) van in die daardie voorbehoudsbepaling item (A) van paragraaf voorbehoudsbepaling tot daardie paragraaf deur die volgende item te vervang: ‘‘(A) is ’n persoon wat ’n inwoner is vir ’n ononderbroke tydperk van drie jaar of langer op of na 1 Maart 2021: Met dien verstande dat die beperking van drie jaar of langer nie van toepassing is nie op— (a) die onttrekking deur die lid van die bedrag bedoel in (ii)(bb) (b) paragraf (c); of ’n bedrag oorgedra deur die lid ingevolge paragraaf 2(1)(c) van die Tweede Bylae na hierdie fonds; of’’; (i) (j) deur in die omskrywing van ‘‘voorsorgbewaringsfonds’’ die voorbehouds- bepaling tot paragraaf (e) van die voorbehoudsbepaling tot die omskrywing, die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Met dien verstande dat by die bepaling van die waarde van [twee- derdes van] die totaal van die lid se belang in die gevestigde komponent word ’n bedrag as volg bereken nie in berekening gebring nie—’’; deur in die omskrywing van ‘‘besoldigingsplaasvervanger’’ die volgende verdere voorbehoudsbepaling by te voeg: ‘‘: Met dien verstande dat ’n verdere bedrag van besoldiging waarna in hierdie omskrywing verwys word, verhoog moet word deur die bedrag wat van belasting vrygestel is kragtens artikel 10(1)(o) tydens die tersaaklike tydperk in die vorige jaar van aanslag;’’; (k) deur in subparagraaf (ii) van paragraaf (b) van die voorbehoudsbepaling tot die omskrywing van ‘‘uittredingannuïteitsfonds’’ die woorde van die voorbehoudsbepaling wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Met dien verstande dat by die bepaling van die waarde van [twee- derdes van] die totaal van die lid se [uittreding] belang in die gevestigde komponent, ’n bedrag as volg bereken nie in berekening gebring word nie:’’; 5 10 15 20 25 30 35 40 (l) deur in paragaaf (g) van die voorbehoudsbepaling tot die omskrywing van ‘‘spaarkomponent’’ die woorde wat subparagraaf (i) voorafgaan, deur die volgende woorde te vervang: ‘‘die lid se belang in hierdie komponent by keuse van die lid [of], benoemde of afhanklike—’’; 45 (m) deur in die voorbehoudsbepaling tot die omskrywing van ‘‘spaaronttrekkings- voordeel’’ paragraaf (c) deur die volgende paragraaf te vervang: ‘‘(c) die waarde van elke onttrekking, voordat enige kostes of transaksiekoste in berekening gebring word, nie minder as R2 000 mag wees nie: Met dien verstande dat waar ’n lid hul lidmaatskap in [hul onderskeie fondse] daardie fonds binne enige jaar van aanslag beëindig [en die waarde van die lid se belang in die spaar- komponent minder as R2 000 is], mag so ’n lid ’n onttrekking van die totale saldo in die spaarkomponent toegelaat word, hetsy so ’n lid ’n onttrekking uit daardie fonds gemaak het soos beoog in paragraaf (a) of (b), al dan nie tydens dieselfde jaar van aanslag;’’; en (n) deur in die omskrywing van ‘‘skeidingsvoordeel’’ die woorde wat paragraaf (a) voorafgaan deur die volgende woode te vervang: ‘‘ ‘skeidingsvoordeel’ enige bedrag (buiten ’n enkelbedragvoordeel of ’n bedrag beoog in paragraaf (d)(ii) of (iii) van die omskrywing van 50 55 60 This gazette is also available free online at www.gpwonline.co.za - 8 Verify source ↗
No. 54448
AI-assisted research summary: This section amends an income-tax provision dealing with certain lump sums received from an employer or associated institution, and sets different commencement dates for different paragraphs.
8 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 8 of ‘gross income’) received by or accrued to a person by way of a lump sum from or by arrangement with the person’s employer or an associated institution, as defined in paragraph 1 of the Seventh Schedule, in relation to that employer in respect of the relinquishment, termination, loss, repudiation, cancellation or variation of the person’s office or employ- ment or of the person’s appointment (or right or claim to be appointed) to any office or employment, if—’’. 5 (2) Paragraph (a) of subsection (1) is deemed to have come into operation on 1 April 2012. (3) Paragraphs (d), (f), (g), (i), (k) and (l) of subsection (1) are deemed to have come 10 into operation on 1 September 2024. (4) Paragraph (b) of subsection (1) comes into operation on 1 January 2026. (5) Paragraphs (c), (e), (h), (j), (m) and (n) of subsection (1) come into operation on 1 March 2026 and apply in respect of years of assessment commencing on or after that date. Amendment of section 6quat of Act 58 of 1962, as inserted by section 9 of Act 89 of 1969, repealed by section 5 of Act 94 of 1983, inserted by section 5 of Act 85 of 1987 and amended by section 5 of Act 28 of 1997, section 12 of Act 53 of 1999, section 16 of Act 30 of 2000, section 4 of Act 59 of 2000, section 8 of Act 5 of 2001, section 20 of Act 60 of 2001, section 8 of Act 5 of 2001, section 9 and section 125 of Act 74 of 2002, section 16 of Act 45 of 2003, section 4 of Act 32 of 2004, section 8 of Act 31 of 2005, section 7 of Act 35 of 2007, section 9 of Act 17 of 2009, section 7 of Act 18 of 2009, section 11 of Act 24 of 2011, section 271 of Act 28 of 2011, read with paragraph 29 of Schedule 1 to that Act, section 3 of Act 22 of 2012, section 3 of Act 39 of 2013, section 6 of Act 25 of 2015, section 10 of Act 15 of 2016, section 4 of Act 17 of 2017, section 7 of Act 23 of 2018, section 2 of Act 18 of 2023 and section 2 of Act 42 of 2024 15 20 25 - 2 Verify source ↗
Section 6quat of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: This provision amends sections 6quat and 7 of the Income Tax Act, including replacing certain percentages with 100 per cent and changing when several amended paragraphs take effect.
2. Section 6quat of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (1A) for subparagraph (bb) of paragraph (ii) of the proviso of the following subparagraph: ‘‘(bb) by replacing the percentages in paragraph 10(1)(a), (b)(i), (iii) and (iv), and 30 (c) of the Eighth Schedule [by] with 100 per cent.’’. Amendment of section 7 of Act 58 of 1962, as amended by section 5 of Act 90 of 1962, section 8 of Act 88 of 1965, section 5 of Act 55 of 1966, section 7 of Act 94 of 1983, section 2 of Act 30 of 1984, section 5 of Act 90 of 1988, section 5 of Act 70 of 1989, section 4 of Act 101 of 1990, section 7 of Act 129 of 1991, section 5 of Act 141 of 1992, section 6 of Act 21 of 1995, section 23 of Act 30 of 1998, section 13 of Act 53 of 1999, section 5 of Act 59 of 2000, section 10 of Act 74 of 2002, section 17 of Act 45 of 2003, section 5 of Act 32 of 2004, section 9 of Act 31 of 2005, section 8 of Act 35 of 2007, section 4 of Act 3 of 2008, section 8 of Act 60 of 2008, section 10 of Act 17 of 2009, section 15 of Act 24 of 2011, section 8 of Act 31 of 2013, section 4 of Act 43 of 2014 and section 3 of Act 42 of 2024 3. (1) Section 7 of the Income Tax Act, 1962, is hereby amended by the substitution for subsections (5) and (6) of the following subsections: ‘‘(5) If any person has made any donation, settlement or other disposition which is subject to a stipulation or condition, whether made or imposed by such person or anybody else, to the effect that [the beneficiaries thereof or some of them shall not receive] the income or some portion of the income thereunder shall not be received by or accrue to the beneficiaries thereof or some of them until the happening of some event, whether fixed or contingent, so much of any income as would, but for such stipulation or condition, in consequence of the donation, settlement or other disposition be received by or accrue to or in favour of the beneficiaries, shall, until the happening of that event or the death of that person, whichever [first] takes place first, be deemed to be the income of that person, 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 9 Wet no. 5 van 2026 9 ‘bruto inkomste’) by wyse van ’n enkelbedrag ontvang deur of toegeval aan ’n persoon van of in ooreenkoms met die persoon se werkgewer of ’n verwante inrigting, soos omskryf in paragraaf 1 van die Sewende Bylae, met betrekking tot daardie werkgewer ten opsigte van die afstand- doening, beëindiging, verlies, repudiëring, herroeping of verandering van die persoon se amp of diensbetrekking of van die persoon se aanstelling (of reg of aanspraak om aangestel te word) in ’n amp of diensbetrekking, indien—’’. (2) Paragraaf (a) van subartikel (1) word geag op 1 April 2012 in werking te getree het. (3) Paragrawe (d), (f), (g), (i), (k) en (l) van subartikel (1) word geag op 1 September 2024 in werking te getree het. (4) Paragraaf (b) van subartikel (1) tree op 1 Januarie 2026 in werking. (5) Paragrawe (c), (e), (h), (j), (m) en (n) van subartikel (1) tree op 1 Maart 2026, in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 6quat van Wet 58 van 1962, soos ingevoeg deur artikel 9 van Wet 89 van 1969, herroep deur artikel 5 van Wet 94 van 1983, ingevoeg deur artikel 5 van Wet 85 van 1987 en gewysig deur artikel 5 van Wet 28 van 1997, artikel 12 van Wet 53 van 1999, artikel 16 van Wet 30 van 2000, artikel 4 van Wet 59 van 2000, artikel 8 van Wet 5 van 2001, artikel 20 van Wet 60 van 2001, artikel 8 van Wet 5 van 2001, artikel 9 en artikel 125 van Wet 74 van 2002, artikel 16 van Wet 45 van 2003, artikel 4 van Wet 32 van 2004, artikel 8 van Wet 31 van 2005, artikel 7 van Wet 35 van 2007, artikel 9 van Wet 17 van 2009, artikel 7 van Wet 18 van 2009, artikel 11 van Wet 24 van 2011, artikel 271 van Wet 28 van 2011, gelees met paragraaf 29 van Bylae 1 tot daardie Wet, artikel 3 van Wet 22 van 2012, artikel 3 van Wet 39 van 2013, artikel 6 van Wet 25 van 2015, artikel 10 van Wet 15 van 2016, artikel 4 van Wet 17 van 2017, artikel 7 van Wet 23 van 2018, artikel 2 van Wet 18 van 2023 en artikel 2 van Wet 42 van 2024 5 10 15 20 25 - 2 Verify source ↗
Artikel 6quat van die Inkomstebelastingwet, 1962, word hierby gewysig deur in
AI-assisted research summary: This provision amends parts of the Income Tax Act, including rules about certain conditional donations or transfers and replacing specified percentages with 100 percent in a referenced schedule.
2. Artikel 6quat van die Inkomstebelastingwet, 1962, word hierby gewysig deur in subartikel (1A) subparagraaf (bb) van paragraaf (ii) van die voorbehoudsbepaling deur die volgende subparagraaf te vervang: 30 ‘‘(bb) deur die persentasies in paragaaf 10(1)(a), (b)(i), (iii) en (iv), en (c) van die Agtste Bylae [deur] met 100 persent te vervang.’’. Wysiging van artikel 7 van Wet 58 van 1962, soos gewysig deur artikel 5 van Wet 90 van 1962, artikel 8 van Wet 88 van 1965, artikel 5 van Wet 55 van 1966, artikel 7 van Wet 94 van 1983, artikel 2 van Wet 30 van 1984, artikel 5 van Wet 90 van 1988, artikel 5 van Wet 70 van 1989, artikel 4 van Wet 101 van 1990, artikel 7 van Wet 129 van 1991, artikel 5 van Wet 141 van 1992, artikel 6 van Wet 21 van 1995, artikel 23 van Wet 30 van 1998, artikel 13 van Wet 53 van 1999, artikel 5 van Wet 59 van 2000, artikel 10 van Wet 74 van 2002, artikel 17 van Wet 45 van 2003, artikel 5 van Wet 32 van 2004, artikel 9 van Wet 31 van 2005, artikel 8 van Wet 35 van 2007, artikel 4 van Wet 3 van 2008, artikel 8 van Wet 60 van 2008, artikel 10 van Wet 17 van 2009, artikel 15 van Wet 24 van 2011, artikel 8 van Wet 31 van 2013, artikel 4 van Wet 43 van 2014 en artikel 3 van Wet 42 van 2024 3. (1) Artikel 7 van die Inkomstebelastingwet, 1962, word hierby gewysig deur subartikels (5) en (6) deur die volgende subartikels te vervang: ‘‘ (5) Indien ’n persoon ’n skenking, oormaking of ander beskikking gemaak het wat onderworpe is aan ’n beding of voorwaarde, hetsy deur daardie persoon of iemand anders gemaak of opgelê, dat [die daardeur bevoordeeldes of sommige van hulle nie voor een of ander sekere of onsekere gebeurtenis plaasvind] die inkomste of enige gedeelte van die inkomste daaruit [mag ontvang] nie deur die begunstigdes of sommige van hulle ontvang moet word of aan hulle moet toeval nie, voordat een of ander sekere of onsekere gebeurtenis plaasvind, word soveel van enige inkomste as wat by ontstentenis van bedoelde beding of voorwaarde ten gevolge van die skenking, oormaking of ander beskikking deur die bevoordeeldes ontvang sou word of aan of ten gunste van hulle sou toeval, geag die inkomste van daardie persoon te wees, totdat daardie gebeurtenis plaasvind of daardie persoon te sterwe kom, watter ook al [die] eerste geskied, met dien verstande dat daardie 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 10 Verify source ↗
No. 54448
AI-assisted research summary: This provision amends income tax rules so that certain motor vehicle rental payments are treated as an employee allowance, and it sets the commencement date for part of the amendment.
10 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 10 provided that person is a resident at the earlier of the accrual or receipt of that income. (6) If any deed of donation, settlement or other disposition contains any stipulation that the right to receive any income thereby conferred may, under powers retained by the person by whom that right is conferred, be revoked or conferred upon another, so much of any income as in consequence of the donation, settlement or other disposition is received by or accrues to or in favour of the person on whom that right is conferred, shall be deemed to be the income of the person by whom it is conferred, [so long as he] provided that person retains those powers and is a resident.’’. (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of years of assessment commencing on or after that date. Amendment of section 8 of Act 58 of 1962, as amended by section 6 of Act 90 of 1962, section 6 of Act 90 of 1964, section 9 of Act 88 of 1965, section 10 of Act 55 of 1966, section 10 of Act 89 of 1969, section 6 of Act 90 of 1972, section 8 of Act 85 of 1974, section 7 of Act 69 of 1975, section 7 of Act 113 of 1977, section 8 of Act 94 of 1983, section 5 of Act 121 of 1984, section 4 of Act 96 of 1985, section 5 of Act 65 of 1986, section 6 of Act 85 of 1987, section 6 of Act 90 of 1988, section 5 of Act 101 of 1990, section 9 of Act 129 of 1991, section 6 of Act 141 of 1992, section 4 of Act 113 of 1993, section 6 of Act 21 of 1994, section 8 of Act 21 of 1995, section 6 of Act 36 of 1996, section 6 of Act 28 of 1997, section 24 of Act 30 of 1998, section 14 of Act 53 of 1999, section 17 of Act 30 of 2000, section 6 of Act 59 of 2000, section 7 of Act 19 of 2001, section 21 of Act 60 of 2001, section 12 of Act 30 of 2002, section 11 of Act 74 of 2002, section 18 of Act 45 of 2003, section 6 of Act 32 of 2004, section 4 of Act 9 of 2005, section 21 of Act 9 of 2006, section 5 of Act 20 of 2006, section 6 of Act 8 of 2007, section 9 of Act 35 of 2007, section 1 and section 5 of Act 3 of 2008, section 9 of Act 60 of 2008, section 11 of Act 17 of 2009, section 10 of Act 7 of 2010, section 16 of Act 24 of 2011, section 271 of Act 28 of 2011, read with item 30 of Schedule 1 to that Act, section 9 of Act 22 of 2012, section 9 of Act 31 of 2013, section 5 of Act 42 of 2014, section 5 of Act 43 of 2014, section 8 of Act 25 of 2015, section 6 of Act 14 of 2017, section 5 of Act 22 of 2020, section 5 of Act 19 of 2023 and section 5 of Act 42 of 2024 4. (1) Section 8 of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (1)(b) for subparagraph (iv) of the following subparagraph: ‘‘(iv) where any motor vehicle which is owned or leased by an employee, his spouse or his child, whether directly or indirectly by virtue of an interest in a company or trust or otherwise, has been let to the employer or any associated institution, as defined in paragraph 1 of the Seventh Schedule, in relation to the employer, the sum of the rental paid by [the] that employer or associated institution and any expenditure defrayed by [the] that employer or associated institution in respect of the vehicle, shall be deemed to be an allowance paid to the employee in respect of transport expenses, and in such case the said rental shall for the purposes of this Act (excluding this paragraph) be deemed not to have been received by or to have accrued to the lessor of such motor vehicle, and for the purposes of paragraph 2(b) of the Seventh Schedule such employee shall be deemed not to have been granted the right to use such motor vehicle.’’. (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of years of assessment commencing on or after that date. 5 10 15 20 25 30 35 40 45 Repeal of section 8A of Act 58 of 1962, as inserted by section 11 of Act 89 of 1969 and amended by section 8 of Act 88 of 1971, section 7 of Act 32 of 2004, section 10 of Act 31 of 2005 and section 17 of Act 24 of 2011 50 - 5 Verify source ↗
Section 8A of the Income Tax Act, 1962, is hereby repealed.
AI-assisted research summary: Section 8A of the Income Tax Act, 1962 is repealed.
5. Section 8A of the Income Tax Act, 1962, is hereby repealed. This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 11 Wet no. 5 van 2026 11 persoon ten tyde van die vroeëre van die toevalling of ontvangs van daardie inkomste’n inwoner is. (6) Indien ’n akte van skenking, oormaking of ander beskikking ’n bepaling bevat dat die daardeur verleende reg om inkomste te ontvang, ingetrek of aan iemand anders verleen kan word kragtens bevoegdhede wat behou word deur die persoon wat daardie reg verleen, word soveel van enige inkomste as wat ten gevolge van die skenking, oormaking of ander beskikking ontvang word deur of toeval aan of ten gunste van die persoon aan wie daardie reg verleen word, geag die inkomste te wees van die persoon wat dit verleen, [solank hy] mits daardie persoon daardie bevoegdhede behou en ’n inwoner is.’’. (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 8 van Wet 58 van 1962, soos gewysig deur artikel 6 van Wet 90 van 1962, artikel 6 van Wet 90 van 1964, artikel 9 van Wet 88 van 1965, artikel 10 van Wet 55 van 1966, artikel 10 van Wet 89 van 1969, artikel 6 van Wet 90 van 1972, artikel 8 van Wet 85 van 1974, artikel 7 van Wet 69 van 1975, artikel 7 van Wet 113 van 1977, artikel 8 van Wet 94 van 1983, artikel 5 van Wet 121 van 1984, artikel 4 van Wet 96 van 1985, artikel 5 van Wet 65 van 1986, artikel 6 van Wet 85 van 1987, artikel 6 van Wet 90 van 1988, artikel 5 van Wet 101 van 1990, artikel 9 van Wet 129 van 1991, artikel 6 van Wet 141 van 1992, artikel 4 van Wet 113 van 1993, artikel 6 van Wet 21 van 1994, artikel 8 van Wet 21 van 1995, artikel 6 van Wet 36 van 1996, artikel 6 van Wet 28 van 1997, artikel 24 van Wet 30 van 1998, artikel 14 van Wet 53 van 1999, artikel 17 van Wet 30 van 2000, artikel 6 van Wet 59 van 2000, artikel 7 van Wet 19 van 2001, artikel 21 van Wet 60 van 2001, artikel 12 van Wet 30 van 2002, artikel 11 van Wet 74 van 2001, artikel 18 van Wet 45 van 2003, artikel 6 van Wet 32 van 2004, artikel 4 van Wet 9 van 2005, artikel 21 van Wet 9 van 2006, artikel 5 van Wet 20 van 2006, artikel 6 van Wet 8 van 2007, artikel 9 van Wet 35 van 2007, artikel 1 en artikel 5 van Wet 3 van 2008. artikel 9 van Wet 60 van 2008, artikel 11 van Wet 17 van 2009, artikel 10 van Wet 7 van 2010, artikel 16 van Wet 24 van 2011, artikel 271 van Wet 28 van 2011, gelees met item 30 van Bylae 1 tot daardie Wet, artikel 9 van Wet 22 van 2012, artikel 9 van Wet 31 van 2013, artikel 5 van Wet 42 van 2014, artikel 5 van Wet 43 van 2014, artikel 8 van Wet 25 van 2015, artikel 6 van Wet 14 van 2017, artikel 5 van Wet 22 van 2020, artikel 5 van Wet 19 van 2023 en artikel 5 van Wet 42 van 2024 5 10 15 20 25 30 4. (1) Artikel 8 van die Inkomstebelastingwet, 1962, word hierby gewysig deur 35 subparagraaf (iv) in subartikel (1)(b) deur die volgende subparagraaf te vervang: ‘‘(iv) waar ’n motorvoertuig wat deur ’n werknemer, sy gade of sy kind besit of gehuur word, hetsy regstreeks of onregstreeks uit hoofde van ’n belang in ’n maatskappy of trust of andersins, aan die werkgewer of ’n verwante inrigting, soos omskryf in paragraaf 1 van die Sewende Bylae, met betrekking tot die werkgewer verhuur is, word die som van die huurgeld deur [die] daardie werkgewer of verwante inrigting betaal en enige onkoste wat deur [die] daardie werkgewer of verwante inrigting ten opsigte van die voertuig bestry is, geag ’n toelae betaal aan die werknemer ten opsigte van reiskoste te wees, en in sodanige geval word genoemde huurgeld vir die doeleindes van hierdie Wet (behalwe hierdie paragraaf) geag nie ontvang te gewees het deur of toe te geval het aan die verhuurder van bedoelde motor nie, en by toepassing van paragraaf 2(b) van die Sewende Bylae word bedoelde werknemer geag nie die reg verleen te gewees het om bedoelde motorvoertuig te gebruik nie.’’. 40 45 50 (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of na daardie datum begin. Herroeping van artikel 8A van Wet 58 van 1962, soos ingevoeg deur artikel 11 van Wet 89 van 1969 en gewysig deur artikel 8 van Wet 88 van 1971, artikel 7 van Wet 32 van 2004, artikel 10 van Wet 31 van 2005 en artikel 17 van Wet 24 van 2011 55 - 5 Verify source ↗
Artikel 8A van die Inkomstebelastingwet, 1962, word hierby herroep.
AI-assisted research summary: Artikel 8A of the Inkomstebelastingwet, 1962, is repealed.
5. Artikel 8A van die Inkomstebelastingwet, 1962, word hierby herroep. This gazette is also available free online at www.gpwonline.co.za - 12 Verify source ↗
No. 54448
AI-assisted research summary: This section amends tax rules so certain dividends can be treated as income, and it expands which instruments qualify for later exceptions. It also sets a 1 January 2026 commencement date for the changes.
12 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 12 Amendment of section 8EA of Act 58 of 1962, as inserted by section 12 of Act 22 of 2012 and amended by section 11 of Act 31 of 2013, section 7 of Act 43 of 2014, section 15 of Act 15 of 2016, section 10 of Act 17 of 2017, section 13 of Act 23 of 2018, section 9 of Act 24 of 2019 and section 5 of Act 17 of 2023 6. (1) Section 8EA of the Income Tax Act, 1962, is hereby amended— (a) by the substitution for subsection (2) of the following subsection: ‘‘(2) Any dividend or foreign dividend received by or accrued to a person during any year of assessment in respect of a share or equity instrument must be deemed in relation to that person to be an amount of income accrued to that person if that share or equity instrument constitutes a third-party backed share at any time during that year of assessment or during any previous year of assessment.’’; and (b) by the substitution in subsection (3) for paragraph (a) of the proviso of the following paragraph: ‘‘(a) that equity share in the operating company was disposed of and to the extent that the funds derived directly or indirectly from that disposal are used by the issuer of the preference share for the redemption of that preference share and the settlement of an amount of dividends or foreign dividends, in respect of that preference share, within 90 days of that disposal; or’’. if, any, (2) Subsection (1) comes into operation on 1 January 2026 and applies to years of assessment commencing on or after that date. Amendment of section 8F of Act 58 of 1962, as substituted by section 12 of Act 31 of 2013 and amended by section 8 of Act 43 of 2014, section 9 of Act 25 of 2015, section 16 of Act 15 of 2016, section 11 of Act 17 of 2017, section 14 of Act 23 of 2018 and section 8 of Act 20 of 2021 7. (1) Section 8F of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in subsection (3) for paragraphs (e) and (f) of the following paragraphs: ‘‘(e) that constitutes a third-party backed instrument; [or] (f) that constitutes a hybrid debt instrument solely in terms of paragraph (b) of the definition of hybrid debt instrument if a registered auditor, as contemplated in the Auditing Profession Act, 2005 (Act No. 26 of 2005), has certified that the payment, by a company, of an amount owed in respect of that instrument has been or is to be deferred by reason of the market value of the assets of that company being less than the amount of the liabilities of that company[.]; or’’; and (b) by the addition after paragraph (f) of the following paragraph: ‘‘(g) that constitutes a FLAC instrument issued— (i) by a bank as defined in section 1 of that Act; or (ii) by a controlling company in relation to that bank.’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of section 8FA of Act 58 of 1962, as inserted by section 14 of Act 31 of 2013 and amended by section 15 of that Act, section 9 of Act 43 of 2014, section 10 of Act 25 of 2015, section 17 of Act 15 of 2016, section 12 of Act 17 of 2017, section 15 of Act 23 of 2018 and section 9 of Act 20 of 2021 8. (1) Section 8FA(3) of the Income Tax Act, 1962, is hereby amended— (a) by the deletion of ‘‘or’’ at the end of paragraph (c); (b) by the substitution for ‘‘.’’ at the end of paragraph (e) of ‘‘; or’’; and (c) by the addition after paragraph (e) of the following paragraph: ‘‘(f) an instrument that constitutes a FLAC instrument issued— (i) by a bank as defined in section 1 of that Act; or (ii) by a controlling company in relation to that bank.’’. (2) Subsection (1) comes into operation on 1 January 2026. 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 13 Wet no. 5 van 2026 13 Wysiging van artikel 8EA van Wet 58 van 1962, soos ingevoeg deur artikel 12 van Wet 22 van 2012 en gewysig deur artikel 11 van Wet 31 van 2013, artikel 7 van Wet 43 van 2014, artikel 15 van Wet 15 van 2016, artikel 10 van Wet 17 van 2017, artikel 13 van Wet 23 van 2018, artikel 9 van Wet 24 van 2019 en artikel 5 van Wet 17 van 2023 6. (1) Artikel 8EA van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Enige dividend of buitelandse dividend ontvang deur of toegeval aan ’n persoon gedurende enige jaar van aanslag ten opsigte van ’n aandeel of ekwiteitsinstrument word geag met betrekking tot daardie persoon te wees ’n bedrag van inkomste ontvang deur of toegeval aan daardie persoon indien daardie aandeel of ekwiteitsinstrument te eniger tyd gedurende daardie jaar van aanslag of tydens enige vorige jaar van aanslag ’n derdepartyondersteunde aandeel uitmaak.’’; en 5 10 (b) deur in subartikel (3) paragraaf (a) van die voorbehoudsbepaling deur die 15 volgende paragaaf te vervang: ‘‘(a) oor daardie ekwiteitsaandeel in die bedryfsmaatskappy beskik is en in soverre die fondse verkry regstreeks of onregstreeks van daardie beskikking binne 90 dae van daardie beskikking deur die uitreiker van die voorkeuraandeel vir die aflossing van daardie voorkeur- aandeel gebruik word; of’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 8F van Wet 58 van 1962, soos vervang deur artikel 12 van Wet 31 van 2013 en gewysig deur artikel 8 van Wet 43 van 2014, artikel 9 van Wet 25 van 2015, artikel 16 van Wet 15 van 2016, artikel 11 van Wet 17 van 2017, artikel 14 van Wet 23 van 2018 en artikel 8 van Wet 20 van 2021 7. (1) Artikel 8F van die Inkomstebelastingwet, 1962, word hiermee gewysig— (a) deur in subartikel (3) paragawe (e) en (f) deur die volgende paragrawe te vervang: ‘‘(e) wat ’n derdeparty-ondersteunde aandeel uitmaak; [of] (f) wat ’n hibriede skuldinstrument uitmaak alleenlik ingevolge paragraaf (b) van die omskrywing van ‘hibriede skuldinstrument’ indien ’n ‘registered auditor’, soos beoog in die ‘Auditing Profession Act’, 2005 (Wet No. 26 van 2005), gesertifiseer het dat die betaling, deur ’n maatskappy, van ’n bedrag verskuldig ten opsigte van daardie instrument uitgestel was of gaan wees omdat die markwaarde van daardie maatskappy minder is as die bedrag van die laste van daardie maatskappy[.]; of’’ en (b) deur die volgende paragraaf na paragraaf (f) in te voeg: ‘‘(g) wat ’n FLAC-instrument daarstel, wat uitgereik is— (i) deur ’n bank, soos omskryf in artikel 1 van daardie Wet; of (ii) deur ’n beherende maatskappy met betrekking tot daardie bank.’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. Wysiging van artikel 8FA van Wet 58 van 1962, soos ingevoeg deur artikel 14 van Wet 31 van 2013 en gewysig deur artikel 15 van daardie Wet, artikel 9 van Wet 43 van 2014, artikel 10 van Wet 25 van 2015, artikel 17 van Wet 15 van 2016, artikel 12 van Wet 17 van 2017, artikel 15 van Wet 23 van 2018 en artikel 9 van Wet 20 van 2021 20 25 30 35 40 45 50 8. (1) Artikel 8FA(3) van die Inkomstebelastingwet, 1962, word hiermee gewysig— (a) deur ‘‘of’’ aan die einde van paragaaf (c) te skrap; (b) deur aan die einde van paragraaf (e) ‘‘.’’ deur ‘‘of’’ te vervang; en (c) deur die volgende paragraaf na paragraaf (e) by te voeg: ‘‘(f) ’n instrument wat ’n FLAC-instrument daarstel, wat uitgereik is— (i) deur ’n bank, soos omskryf in artikel 1 van daardie Wet; of (ii) deur ’n beherende maatskappy met betrekking tot daardie 55 bank.’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. This gazette is also available free online at www.gpwonline.co.za - 14 Verify source ↗
No. 54448
AI-assisted research summary: This section amends parts of the Income Tax Act and adds a proviso limiting when certain share acquisitions fall outside subsection (2).
14 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 14 Amendment of section 8G of Act 58 of 1962, as inserted by section 13 of Act 17 of 2017 9. (1) Section 8G of the Income Tax Act, 1962, is hereby amended by the deletion of ‘‘.’’ at the end of subsection (2) and the addition of the following proviso to sub- section (2): ‘‘: Provided that this subsection does not apply to any shares acquired in the target company, from a shareholder in that target company, and that shareholder— (a) (b) does not form part of a group of companies, in relation to the subscribing company, at the time of the transaction.’’. (2) Subsection (1) comes into operation on 1 January 2026 and applies in respect of is not a connected person; and shares acquired on or after that date. Amendment of section 9D of Act 58 of 1962, as inserted by section 9 of Act 28 of 1997 and amended by section 28 of Act 30 of 1998, section 17 of Act 53 of 1999, section 19 of Act 30 of 2000, section 10 of Act 59 of 2000, section 9 of Act 5 of 2001, section 22 of Act 60 of 2001, section 14 of Act 74 of 2002, section 22 of Act 45 of 2003, section 13 of Act 32 of 2004, section 14 of Act 31 of 2005, section 9 of Act 20 of 2006, sections 9 and 96 of Act 8 of 2007, section 15 of Act 35 of 2007, section 8 of Act 3 of 2008, section 13 of Act 60 of 2008, section 12 of Act 17 of 2009, section 16 and section 146 of Act 7 of 2010, section 25 of Act 24 of 2011, section 14 and section 156 of Act 22 of 2012, section 19 of Act 31 of 2013, section 12 of Act 43 of 2014, section 13 of Act 25 of 2015, section 20 of Act 15 of 2016, section 15 of Act 17 of 2017, section 18 of Act 23 of 2018, section 10 of Act 34 of 2019, section 6 of Act 23 of 2020, section 10 of Act 20 of 2021, section 4 of Act 20 of 2022, section 7 of Act 17 of 2023 and section 7 of Act 42 of 2024 10. (1) Section 9D of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in paragraph (i) of the further proviso to subsection (2A) for subparagraph (aa) of the following subparagraph: ‘‘(aa) the aggregate amount of taxes on income payable to all spheres of government of any country other than the Republic by the controlled foreign company in respect of the foreign tax year of that controlled foreign company is at least 67,5 per cent of the amount of normal tax that would have been payable in respect of any taxable income of the controlled foreign company had the controlled foreign company been a resident for that foreign tax year: Provided that the taxable income of the controlled foreign company must be increased by the taxable income resulting from the application of section 9H(3)(b); or’’; and (b) by the insertion in paragraph (ii) of the further proviso to subsection (2A) after subparagraph (bb) of the following subparagraph: ‘‘(cc) by taking into account any refund of tax to a shareholder of the controlled foreign company in respect of a foreign dividend paid or payable by that controlled foreign company; and’’. 5 10 15 20 25 30 35 40 (2) Subsection (1) comes into operation on 31 December 2025 and applies in respect of foreign tax years of controlled foreign companies ending on or after that date. 45 Amendment of section 10 of Act 58 of 1962, as amended by section 8 of Act 90 of 1962, section 7 of Act 72 of 1963, section 8 of Act 90 of 1964, section 10 of Act 88 of 1965, section 11 of Act 55 of 1966, section 10 of Act 95 of 1967, section 8 of Act 76 of 1968, section 13 of Act 89 of 1969, section 9 of Act 52 of 1970, section 9 of Act 88 of 1971, section 7 of Act 90 of 1972, section 7 of Act 65 of 1973, section 10 of Act 85 of 1974, section 8 of Act 69 of 1975, section 9 of Act 103 of 1976, section 8 of Act 113 of 1977, section 4 of Act 101 of 1978, section 7 of Act 104 of 1979, section 7 of Act 104 of 1980, section 8 of Act 96 of 1981, section 6 of Act 91 of 1982, section 9 of Act 94 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 15 Wet no. 5 van 2026 15 Wysiging van artikel 8G van Wet 58 van 1962, soos ingevoeg deur artikel 13 van Wet 17 van 2017 9. (1) Artikel 8G van die Inkomstebelastingwet, 1962, word hierby gewysig deur ‘‘.’’ aan die einde van subartikel (2) te skrap en die volgende voorbehoudsbepaling by subartikel (2) te voeg: ‘‘: Met dien verstande dat hierdie subartikel nie van toepassing is op enige aandele bekom in die teikenmaatskappy, van ’n aandeelhouer in daardie teikenmaatskappy, en daardie aandeelhouer— (a) is nie ’n verbonde persoon nie; en (b) vorm nie deel van ’n groep van maatskappye nie, in verband met die onderskrywingsmaatskappy, ten tyde van die transaksie nie.’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien van aandele op of ná daardie datum, bekom. Wysiging van artikel 9D van Wet 58 van 1962, soos ingevoeg deur artikel 9 van Wet 28 van 1997 en gewysig deur artikel 28 van Wet 30 van 1998, artikel 17 van Wet 53 van 1999, artikel 19 van Wet 30 van 2000, artikel 10 van Wet 59 van 2000, artikel 9 van Wet 5 van 2001, artikel 22 van Wet 60 van 2001, artikel 14 van Wet 74 van 2002, artikel 22 van Wet 45 van 2003, artikel 13 van Wet 32 van 2004, artikel 14 van Wet 31 van 2005, artikel 9 van Wet 20 van 2006, artikel 9 en artikel 96 van Wet 8 van 2007, artikel 15 van Wet 35 van 2007, artikel 8 van Wet 3 van 2008, artikel 13 van Wet 60 van 2008, artikel 12 van Wet 17 van 2009, artikel 16 en artikel 146 van Wet 7 van 2010, artikel 25 van Wet 24 van 2011, artikel 14 en artikel 156 van Wet 22 van 2012, artikel 19 van Wet 31 van 2013, artikel 12 van Wet 43 van 2014, artikel 13 van Wet 25 van 2015, artikel 20 van Wet 15 van 2016, artikel 15 van Wet 17 van 2017, artikel 18 van Wet 23 van 2018, artikel 10 van Wet 34 van 2019, artikel 6 van Wet 23 van 2020, artikel 10 van Wet 20 van 2021, artikel 4 van Wet 20 van 2022, artikel 7 van Wet 17 van 2023 en artikel 7 van Wet 42 van 2024 5 10 15 20 25 10. (1) Artikel 9D van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur in paragraaf (i) van die verdere voorbehoudsbepaling tot subartikel (2A) 30 subparagraaf (aa) deur die volgende subparagraaf te vervang: ‘‘(aa) die totale bedrag van belasting op inkomste betaalbaar aan alle regeringsfere van enige land behalwe die Republiek deur die beheerde buitelandse maatskappy ten opsigte van die buitelandse belastingjaar van daardie beheerde buitelandse maatskappy minstens 67,5 persent is van die bedrag van normale belasting wat ten opsigte van belasbare inkomste van die beheerde buitelandse maatskappy betaalbaar sou gewees het indien die beheerde buitelandse maatskappy gedurende daardie buitelandse belastingjaar ’n inwoner was: Met dien verstande dat die belasbare inkomste van die beheerde buitelandse maatskappy verhoog moet word deur die belasbare inkomste wat voortspruit uit die toepassing van artikel 9H(3)(b); of’’; en (b) deur in paragraaf (ii) van die verdere voorbehoudsbepaling tot subartikel (2A) die volgende paragraaf na subparagraaf (bb) in te voeg: ‘‘(cc) deur enige terugbetaling van belasting aan ’n aandeelhouer van die beheerde buitelandse maatskappy ten opsigte van ’n buitelandse dividend betaal of betaalbaar deur daardie beheerde buitelandse maatskappy in aanmerking te neem; en’’. (2) Subartikel (1) tree op 31 Desember 2025 in werking en is van toepassing op buitelanse belastingjare van beheerde buitelandse maatskappye wat op of ná daardie datum eindig. Wysiging van artikel 10 van Wet 58 van 1962, soos gewysig deur artikel 8 van Wet 90 van 1962, artikel 7 van Wet 72 van 1963, artikel 8 van Wet 90 van 1964, artikel 10 van Wet 88 van 1965, artikel 11 van Wet 55 van 1966, artikel 10 van Wet 95 van 1967, artikel 8 van Wet 76 van 1968, artikel 13 van Wet 89 van 1969, artikel 9 van Wet 52 van 1970, artikel 9 van Wet 88 van 1971, artikel 7 van Wet 90 van 1972, artikel 7 van Wet 65 van 1973, artikel 10 van Wet 85 van 1974, artikel 8 van Wet 69 van 1975, artikel 9 van Wet 103 van 1976, artikel 8 van Wet 113 van 1977, artikel 4 van Wet 101 van 1978, artikel 7 van Wet 104 van 1979, artikel 7 van Wet 104 van 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 16 Verify source ↗
No. 54448
AI-assisted research summary: This section amends section 10 of the Income Tax Act, 1962, and says paragraph (b) starts on 1 March 2026.
16 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 16 of 1983, section 10 of Act 121 of 1984, section 6 of Act 96 of 1985, section 7 of Act 65 of 1986, section 3 of Act 108 of 1986, section 9 of Act 85 of 1987, section 7 of Act 90 of 1988, section 36 of Act 9 of 1989, section 7 of Act 70 of 1989, section 10 of Act 101 of 1990, section 12 of Act 129 of 1991, section 10 of Act 141 of 1992, section 7 of Act 113 of 1993, section 4 of Act 140 of 1993, section 9 of Act 21 of 1994, section 10 of Act 21 of 1995, section 8 of Act 36 of 1996, section 9 of Act 46 of 1996, section 1 of Act 49 of 1996, section 10 of Act 28 of 1997, section 29 of Act 30 of 1998, section 18 of Act 53 of 1999, section 21 of Act 30 of 2000, section 13 of Act 59 of 2000, section 9 and section 78 of Act 19 of 2001, section 26 of Act 60 of 2001, section 13 of Act 30 of 2002, section 18 of Act 74 of 2002, section 36 of Act 12 of 2003, section 26 of Act 45 of 2003, sections 8 and 62 of Act 16 of 2004, section 14 of Act 32 of 2004, section 5 of Act 9 of 2005, section 16 of Act 31 of 2005, section 23 of Act 9 of 2006, sections 10 and 101 of Act 20 of 2006, sections 2, 10, 88 and 97 of Act 8 of 2007, section 2 of Act 9 of 2007, section 16 of Act 35 of 2007, sections 1 and 9 of Act 3 of 2008, section 2 of Act 4 of 2008, section 16 of Act 60 of 2008, section 13 and section 95 of Act 17 of 2009, section 18 of Act 7 of 2010, section 28 and section 160 of Act 24 of 2011, section 271 of Act 28 of 2011, read with item 31 of Schedule 1 to that Act, sections 19, 144, 157 and 166 of Act 22 of 2012, section 23 of Act 31 of 2013, section 14 of Act 43 of 2014, section 16 of Act 25 of 2015, section 23 of Act 15 of 2016, section 16 of Act 17 of 2017, section 22 of Act 23 of 2018, section 13 of Act 34 of 2019, section 10 of Act 23 of 2020, section 5 of Act 20 of 2022 and section 9 of Act 17 of 2023 11. (1) Section 10 of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in subsection (1)(e)(i) for item (aa) of the following item: ‘‘(aa) any body corporate established in terms of the Sectional Titles Schemes Management Act, [1986 (Act No. 95 of 1986)] 2011 (Act No. 8 of 2011), from its members;’’; (b) by the insertion in subsection (1)(u) after subparagraph (i) of the following subparagraph: ‘‘(iA) any amount referred to in subparagraph (ii) of paragraph (b) of the definition of ‘gross income’, other than any amount deemed to accrue to that person in terms of section 7(11); or’’; and (c) by the deletion in subsection (1) of paragraph (y). (2) Paragraph (b) of subsection (1) comes into operation on 1 March 2026 and applies in respect of years of assessment commencing on or after that date. Amendment of section 11D of Act 58 of 1962, as inserted by section 13 of Act 20 of 2006 and amended by sections 13 and 99 of Act 8 of 2007, section 3 of Act 9 of 2007, section 19 of Act 35 of 2007, section 11 of Act 3 of 2008, section 19 of Act 60 of 2008, section 16 of Act 17 of 2009, section 20 of Act 7 of 2010, section 32 of Act 24 of 2011, section 1 of Act 25 of 2011, section 271 of Act 28 of 2011, read with item 34 of Schedule 1 to that Act, sections 5 and 35 of Act 21 of 2012, section 68 of Act 22 of 2012, section 29 of Act 31 of 2013, section 18 of Act 43 of 2014, section 27 of Act 15 of 2016, section 12 of Act 17 of 2023 and section 66 of Act 42 of 2024 5 10 15 20 25 30 35 40
Part
Schedule 1 to that Act, sections 5 and 35 of Act 21 of 2012, section 68 of Act 22 of
- 12 Verify source ↗
Section 11D of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: Section 11D is amended so paragraph (b) refers to expenditure for scientific or technological research and development by that taxpayer.
12. Section 11D of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (4) for paragraph (b) of the following paragraph: ‘‘(b) if that expenditure is incurred in respect of scientific or technological research 45 and development [carried on by that taxpayer];’’. Amendment of section 11G of Act 58 of 1962, as inserted by section 14 of Act 17 of 2023 and substituted by section 67 of Act 42 of 2024 13. (1) Section 11G of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 17 Wet no. 5 van 2026 17 1980, artikel 8 van Wet 96 van 1981, artikel 6 van Wet 91 van 1982, artikel 9 van Wet 94 van 1983, artikel 10 van Wet 121 van 1984, artikel 6 van Wet 96 van 1985, artikel 7 van Wet 65 van 1986, artikel 3 van Wet 108 van 1986, artikel 9 van Wet 85 van 1987, artikel 7 van Wet 90 van 1988, artikel 36 van Wet 9 van 1989, artikel 7 van Wet 70 van 1989, artikel 10 van Wet 101 van 1990, artikel 12 van Wet 129 van 1991, artikel 10 van Wet 141 van 1992, artikel 7 van Wet 113 van 1993, artikel 4 van Wet 140 van 1993, artikel 9 van Wet 21 van 1994, artikel 10 van Wet 21 van 1995, artikel 8 van Wet 36 van 1996, artikel 9 van Wet 46 van 1996, artikel 1 van Wet 49 van 1996, artikel 10 van Wet 28 van 1997, artikel 29 van Wet 30 van 1998, artikel 18 van Wet 53 van 1999, artikel 21 van Wet 30 van 2000, artikel 13 van Wet 59 van 2000, artikel 9 en artikel 78 van Wet 19 van 2001, artikel 26 van Wet 60 van 2001, artikel 13 van Wet 30 van 2002, artikel 18 van Wet 74 van 2002, artikel 36 van Wet 12 van 2003, artikel 26 van Wet 45 van 2003, artikels 8 en 62 van Wet 16 van 2004, artikel 14 van Wet 32 van 2004, artikel 5 van Wet 9 van 2005, artikel 16 van Wet 31 van 2005, artikel 23 van Wet 9 van 2006, artikel 10 en 101 van Wet 20 van 2006, artikels 2, 10, 88 en 97 van Wet 8 van 2007, artikel 2 van Wet 9 van 2007, artikel 16 van Wet 35 van 2007, artikel 1 en 9 van Wet 3 van 2008, artikel 2 van Wet 4 van 2008, artikel 16 van Wet 60 van 2008, artikel 13 en artikel 95 van Wet 17 van 2009, artikel 18 van Wet 7 van 2010, artikel 28 en artikel 160 van Wet 24 van 2011, artikel 271 van Wet 28 van 2011, gelees met item 31 van Bylae 1 tot daardie Wet, artikels 19, 144, 157 en 166 van Wet 22 van 2012, artikel 23 van Wet 31 van 2013, artikel 14 van Wet 43 van 2014, artikel 16 van Wet 25 van 2015, artikel 23 van Wet 15 van 2016, artikel 16 van Wet 17 van 2017, artikel 22 van Wet 23 van 2018, artikel 13 van Wet 34 van 2019, artikel 10 van Wet 23 van 2020, artikel 5 van Wet 20 van 2022 en artikel 9 van Wet 17 van 2023 11. (1) Artikel 10 van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur in subartikel (1)(e)(i) item (aa) deur die volgende item te vervang: ‘‘(aa) enige regspersoon ingestel ingevolge die [Wet op Deeltitels] ‘Sectional Titles Schemes Management Act, [1986 (Wet No. 95 van 1986)] 2011’ (Wet No. 8 van 2011), van sy lede;’’; (b) deur in subartikel (1)(u) die volgende subparagraaf na subparagraaf (i) in te voeg: ‘‘(iA) enige bedrag bedoel in subparagraaf (ii) van paragraaf (b) van die omskrywing van ‘bruto inkomste’, anders as enige bedrag geag om ingevolge artikel (7)(11) aan daardie persoon toe te val; of’’; en (c) deur paragraaf (y) in subartikel (1) te skrap. (2) Paragraaf (b) van subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 11D van Wet 58 van 1962, soos ingevoeg deur artikel 13 van Wet 20 van 2006 en gewysig deur artikel 13 en artikel 99 van Wet 8 van 2007, artikel 3 van Wet 9 van 2007, artikel 19 van Wet 35 van 2007, artikel 11 van Wet 3 van 2008, artikel 19 van Wet 60 van 2008, artikel 16 van Wet 17 van 2009, artikel 20 van Wet 7 van 2010, artikel 32 van Wet 24 van 2011, artikel 1 van Wet 25 van 2011, artikel 271 van Wet 28 van 2011, gelees met item 34 van Bylae 1 tot daardie Wet, artikel 5 en artikel 35 van Wet 21 van 2012, artikel 68 van Wet 22 van 2012, artikel 29 van Wet 31 van 2013, artikel 18 van Wet 43 van 2014, artikel 27 van Wet 15 van 2016, artikel 12 van Wet 17 van 2023 en artikel 66 van Wet 42 van 2024 5 10 15 20 25 30 35 40 45 - 12 Verify source ↗
Artikel 11D van die Inkomstebelastingwet, 1962, word hierby gewysig deur in
AI-assisted research summary: This provision amends wording in sections 11D and 11G of the Income Tax Act, 1962.
12. Artikel 11D van die Inkomstebelastingwet, 1962, word hierby gewysig deur in subartikel (4) paragraaf (b) deur die volgende paragraaf te vervang: ‘‘(b) indien daardie uitgawes aangegaan word ten opsigte van wetenskaplike of tegnologiese navorsing en ontwikkeling [deur daardie belastingpligtige beoefen];’’. 50 Wysiging van artikel 11G van Wet 58 van 1962, soos ingevoeg deur artikel 14 van Wet 17 van 2023 en vervang deur artikel 67 van Wet 42 van 2024 13. (1) Artikel 11G van die Inkomstebelastingwet, 1962, word hierby gewysig deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: 55 This gazette is also available free online at www.gpwonline.co.za - 18 Verify source ↗
No. 54448
AI-assisted research summary: The provision allows a person to deduct interest incurred from income when working out taxable income, subject to the stated limit and despite section 23(b).
18 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 18 ‘‘(2) [For] Notwithstanding section 23(b), for purposes of determining the taxable income derived by any person, there shall be allowed as a deduction from the income of that person, interest incurred by that person to the extent that the interest—’’. (2) Subsection (1) comes into operation on 1 January 2026 and applies to years of 5 assessment commencing on or after that date. Amendment of section 12C of Act 58 of 1962, as inserted by section 14 of Act 101 of 1990 and amended by section 11 of Act 113 of 1993, section 7 of Act 140 of 1993, section 11 of Act 21 of 1994, section 13 of Act 21 of 1995, section 10 of Act 46 of 1996, section 18 of Act 59 of 2000, section 11 of Act 19 of 2001, section 15 of Act 30 of 2002, section 30 of Act 45 of 2003, section 8 of Act 9 of 2005, section 20 of Act 31 of 2005, section 14 of Act 8 of 2007, section 22 of Act 35 of 2007, section 20 of Act 60 of 2008, section 19 of Act 17 of 2009, section 33 of Act 24 of 2011, section 24 of Act 22 of 2012, section 32 of Act 31 of 2013, section 20 of Act 25 of 2015, section 23 of Act 17 of 2017, section 27 of Act 23 of 2018, section 14 of Act 23 of 2020 and section 10 of Act 42 of 2024 - 14 Verify source ↗
Section 12C of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: This provision amends several Income Tax Act sections, including a deduction for energy efficiency savings and a definition of “motor vehicle manufacturer.”
14. Section 12C of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (1) for paragraph (g) of the following paragraph: ‘‘(g) ship owned by the taxpayer or acquired by the taxpayer as purchaser in terms of an agreement contemplated in paragraph (a) of the definition of ‘instalment credit agreement’ in section 1 of the Value-Added Tax Act and which was or is brought into use for the first time by the taxpayer for the purposes of his or her trade (other than a South African ship mainly engaged in international traffic as contemplated in section 12Q(1));’’. Amendment of section 12L of Act 58 of 1962, as inserted by section 27 of Act 17 of 2009, substituted by section 29 of Act 22 of 2012, amended by section 38 of Act 31 of 2013, section 24 of Act 25 of 2015, section 19 of Act 34 of 2019 and section 9 of Act 20 of 2022 15. (1) Section 12L of the Income Tax Act, 1962, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) For the purpose of determining the taxable income derived by any person from carrying on any trade in respect of any year of assessment ending before 1 January [2026] 2031, there must be allowed as a deduction from the income of that person an amount in respect of energy efficiency savings by that person in respect of that year of assessment determined in accordance with subsection (2), subject to subsection (3).’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of section 12V of Act 58 of 1962, as inserted by section 12 of Act 42 of 2024 10 15 20 25 30 35 16. (1) Section 12V of the Income Tax Act, 1962, is hereby amended by the addition 40 after subsection (4) of the following subsection: ‘‘(5) For the purpose of this section— ‘motor vehicle manufacturer’ means the manufacturer— (a) as determined by applying the criteria in paragraph (i) of the definition of ‘final manufacturer’, as defined in the regulations issued in terms of section 59 of the International Trade Administration Act, 2002 (Act No. 71 of 2002), contained in Government Notice No. R.80, as published in Government Gazette No. 44144 of 11 February 2021; or (b) of a ‘heavy motor vehicle’, as referred to in item 317.07 in Part I of Schedule No. 3 to the Customs and Excise Act, 1964 (Act No. 91 of 1964), to the extent of assembly provided for in Note 5 to Chapter 98 of Part 1 of Schedule No.1 to that Act.’’. 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 19 Wet no. 5 van 2026 19 ‘‘(2) [By] Ondanks artikel 23(b), by die bepaling van die belasbare inkomste verkry deur enige persoon, word as ’n aftrekking van die inkomste van daardie persoon toegelaat rente deur daardie persoon aangegaan namate die rente—’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 12C van Wet 58 van 1962, soos ingevoeg deur artikel 14 van Wet 101 van 1990 en gewysig deur artikel 11 van Wet 113 van 1993, artikel 7 van Wet 140 van 1993, artikel 11 van Wet 21 van 1994, artikel 13 van Wet 21 van 1995, artikel 10 van Wet 46 van 1996, artikel 18 van Wet 59 van 2000, artikel 11 van Wet 19 van 2001, artikel 15 van Wet 30 van 2002, artikel 30 van Wet 45 van 2003, artikel 8 van Wet 9 van 2005, artikel 20 van Wet 31 van 2005, artikel 14 van Wet 8 van 2007, artikel 22 van Wet 35 van 2007, artikel 20 van Wet 60 van 2008, artikel 19 van Wet 17 van 2009, artikel 33 van Wet 24 van 2011, artikel 24 van Wet 22 van 2012, artikel 32 van Wet 31 van 2013, artikel 20 van Wet 25 van 2015, artikel 23 van Wet 17 van 2017, artikel 27 van Wet 23 van 2018, artikel 14 van Wet 23 van 2020 en artikel 10 van Wet 42 van 2024 - 14 Verify source ↗
Artikel 12C van die Inkomstebelastingwet, 1962, word hierby gewysig deur
AI-assisted research summary: This section amends tax rules to expand a ship-related provision, allow a deduction for energy-efficiency savings for qualifying taxpayers, and define “motor vehicle manufacturer” for section 12V.
14. Artikel 12C van die Inkomstebelastingwet, 1962, word hierby gewysig deur paragraaf (g) in subartikel (1) deur die volgende paragraaf te vervang: ‘‘(g) skip waarvan die belastingpligtige die eienaar is of wat deur die belastingpligtige verkry is as koper ingevolge ’n ooreenkoms beoog in paragraaf (a) van die omskrywing van ‘paaiementkredietooreenkoms’ in artikel 1 van die Wet op Belasting op Toegevoegde Waarde en wat vir die eerste maal deur die belastingpligtige vir die doeleindes van sy of haar bedryf in gebruik geneem is of word (behalwe ’n Suid-Afrikaanse skip wat hoofsaaklik betrokke is by internasionale verkeer soos in artikel 12Q(1) beoog [aan die belastingpligtige toegestaan is];’’. Wysiging van artikel 12L van Wet 58 van 1962, soos ingevoeg deur artikel 27 van Wet 17 van 2009, vervang deur artikel 29 van Wet 22 van 2012, gewysig deur artikel 38 van Wet 31 van 2013, artikel 24 van Wet 25 van 2015, artikel 19 van Wet 34 van 2019 en artikel 9 van Wet 20 van 2022 15. (1) Artikel 12L van die Inkomstebelastingwet, 1962, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) By die bepaling van die belasbare inkomste verkry deur ’n persoon uit die beoefening van ’n bedryf ten opsigte van enige jaar van aanslag wat eindig voor 1 Januarie [2026] 2031, word daar toegelaat as ’n aftrekking van die inkomste van daardie persoon ’n bedrag ten opsigte van besparings deur energiedoeltreffendheid deur daardie persoon ten opsigte van daardie jaar van aanslag bepaal ooreenkomstig subartikel (2), behoudens subartikel (3).’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. 5 10 15 20 25 30 35 Wysiging van artikel 12V van Wet 58 van 1962, soos ingevoeg deur artikel 12 van Wet 42 van 2024 40 16. (1) Artikel 12V van die Inkomstebelastingwet, 1962, word hierby gewysig deur die volgende subartikel na subartikel (4) by te voeg: ‘‘(5) Vir die doeleindes van hierdie artikel beteken— ‘motorvoertuigvervaardiger’ die vervaardiger— (a) soos bepaal deur die toepassing van kriteria in paragraaf (i) van die omskrywing van ‘finale vervaardiger’, soos omskryf in die regulasies uitgereik ingevolge artikel 59 van die Wet op Internasionale Handelsadministrasie, 2002 (Wet No. 71 van 2002), vervat in Goewermentskennisgewing No. R.80, soos uitgegee in Staatskoerant No. 44144 van 11 Februarie 2021; of (b) van ’n ‘swaar motorvoertuig’, soos bedoel in item 317.07 in Deel 1 van Bylaag No. 3 tot die Doeane- en Aksynswet, 1964 (Wet No. 91 van 1964), tot die mate van montering voor voorsiening gemaak in Nota 5 tot Hoofstuk 98 van Deel 1 van Bylae No. 1 tot daardie Wet.’’. 45 50 This gazette is also available free online at www.gpwonline.co.za - 20 Verify source ↗
No. 54448
AI-assisted research summary: Subsection (1) starts on 1 March 2026 and applies to assets brought into use on or after that date.
20 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 20 (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of assets brought into use on or after that date. Amendment of section 13quat of Act 58 of 1962, as inserted by section 33 of Act 45 of 2003 and amended by section 12 of Act 16 of 2004, section 19 of Act 32 of 2004, section 23 of Act 31 of 2005, section 16 of Act 8 of 2007, section 5 of Act 4 of 2008, section 29 of Act 60 of 2008, sections 29 and 106 of Act 17 of 2009, section 33 of Act 7 of 2010, section 41 of Act 24 of 2011, section 34 of Act 22 of 2012, section 48 of Act 31 of 2013, section 32 of Act 25 of 2015, section 38 of Act 15 of 2016, section 34 of Act 23 of 2018, section 20 of Act 23 of 2020, section 16 of Act 20 of 2021, section 21 of Act 17 of 2023 and section 15 of Act 42 of 2024 17. (1) Section 13quat of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (5) for paragraph (c) of the following paragraph: ‘‘(c) which is brought into use by the taxpayer after 31 March [2025] 2030;’’. (2) Subsection (1) is deemed to have come into operation on 31 March 2025 and applies in respect of any building, part thereof or improvement that is brought into use on or after that date. Amendment of section 18A of Act 58 of 1962, as substituted by section 24 of Act 30 of 2000 and amended by section 72 of Act 59 of 2000, section 20 of Act 30 of 2002, section 34 of Act 45 of 2003, section 26 of Act 31 of 2005, section 16 of Act 20 of 2006, section 18 of Act 8 of 2007, section 31 of Act 35 of 2007, section 1 of Act 3 of 2008, section 6 of Act 4 of 2008, section 34 of Act 60 of 2008, section 37 of Act 7 of 2010, section 44 of Act 24 of 2011, section 7 of Act 21 of 2012, section 52 of Act 31 of 2013, section 29 of Act 43 of 2014, section 3 of Act 44 of 2014, section 34 of Act 15 of 2015, section 31 of Act 17 of 2017, section 35 of Act 23 of 2018, section 22 of Act 34 of 2019, section 22 of Act 23 of 2020, section 4 of Act 24 of 2020 and section 2 of Act 21 of 2021 - 18 Verify source ↗
Section 18A of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: This text amends several Income Tax Act provisions, changing a Section 18A calculation, extending a Section 13quat in-use date, and adjusting Section 20A rules.
18. Section 18A of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (1) for paragraph (B) of the following paragraph: ‘‘(B) in any other case, ten per cent of the taxable income (excluding any retirement fund lump sum benefit, retirement fund lump sum withdrawal benefit and severance benefit) of the taxpayer as calculated before allowing any deduction under this section [or], section 6quat(1C) or setting off a balance of assessed loss under section 20(1)(a)(i) or (ii):’’. 5 10 15 20 25 30 Amendment of section 20A of Act 58 of 1962, as inserted by section 36 of Act 45 of 2003 and amended by section 27 of Act 31 of 2005, section 33 of Act 17 of 2009, section 37 of Act 23 of 2018 and section 22 of Act 23 of 2020 35 19. (1) Section 20A of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘Subsection (1) applies where [the sum of] the taxable income of a person for a year of assessment, [(]determined without having regard to the other provisions of this section[)] and before setting off any assessed loss and balance of assessed loss [which were set off] in terms of section 20 [in determining that taxable income], equals or exceeds the amount at which the [maximum] marginal rate of tax of 39 per cent chargeable in respect of the taxable income of individuals becomes applicable, and where—’’; and (b) by the substitution in subsection (2)(b) for subparagraph (vi) of the following subparagraph: ‘‘(vi) farming or animal breeding, unless that person carries on farming[,] or animal breeding [or activities of a similar nature] on a full-time basis;’’. 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 21 Wet no. 5 van 2026 21 (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van bates in gebruik geneem op of ná daardie datum. Wysiging van artikel 13quat van Wet 58 van 1962, soos ingevoeg deur artikel 33 van Wet 45 van 2003 en gewysig deur artikel 12 van Wet 16 van 2004, artikel 19 van Wet 32 van 2004, artikel 23 van Wet 31 van 2005, artikel 16 van Wet 8 van 2007, artikel 5 van Wet 4 van 2008, artikel 29 van Wet 60 van 2008, artikel 29 en artikel 106 van Wet 17 van 2009, artikel 33 van Wet 7 van 2010, artikel 41 van Wet 24 van 2011, artikel 34 van Wet 22 van 2012, artikel 48 van Wet 31 van 2013, artikel 32 van Wet 25 van 2015, artikel 38 van Wet 15 van 2016, artikel 34 van Wet 23 van 2018, artikel 20 van Wet 23 van 2020, artikel 16 van Wet 20 van 2021, artikel 21 van Wet 17 van 2023 en artikel 15 van Wet 42 van 2024 17. (1) Artikel 13quat van die Inkomstebelastingwet, 1962, word hierby gewysig deur in subartikel (5) paragraaf (c) deur die volgende paragraaf te vervang: ‘‘(c) wat na 31 Maart [2025] 2030 deur die belastingpligtige in gebruik geneem word;’’. (2) Subartikel (1) word geag op 31 Maart 2025 in werking te getree het en is van toepassing ten opsigte van enige gebou, gedeelte daarvan of verbetering wat op of ná daardie datum in gebruik geneem is. Wysiging van artikel 18A van Wet 58 van 1962, soos vervang deur artikel 24 van Wet 30 van 2000 en gewysig deur artikel 72 van Wet 59 van 2000, artikel 20 van Wet 30 van 2002, artikel 34 van Wet 45 van 2003, artikel 26 van Wet 31 van 2005, artikel 16 van Wet 20 van 2006, artikel 18 van Wet 8 van 2007, artikel 31 van Wet 35 van 2007, artikel 1 van Wet 3 van 2008, artikel 6 van Wet 4 van 2008, artikel 34 van Wet 60 van 2008, artikel 37 van Wet 7 van 2010, artikel 44 van Wet 24 van 2011, artikel 7 van Wet 21 van 2012, artikel 52 van Wet 31 van 2013, artikel 29 van Wet 43 van 2014, artikel 3 van Wet 44 van 2014, artikel 34 van Wet 15 van 2015, artikel 31 van Wet 17 van 2017, artikel 35 van Wet 23 van 2018, artikel 22 van Wet 34 van 2019, artikel 22 van Wet 23 van 2020, artikel 4 van Wet 24 van 2020 en artikel 2 van Wet 21 van 2021 5 10 15 20 25 - 18 Verify source ↗
Artikel 18A van die Inkomstebelastingwet, 1962, word hierby gewysig deur in
AI-assisted research summary: This provision amends tax rules for section 18A and section 20A.
18. Artikel 18A van die Inkomstebelastingwet, 1962, word hierby gewysig deur in 30 subartikel (1) paragraaf (B) deur die volgende paragraaf te vervang: ‘‘(B) enkelbedragvoordeel, uittreefonds, in enige ander geval, tien persent van die belasbare inkomste (uitgesluit enkelbedrag- enige uittreefonds onttrekkingsvoordeel en skeidingsvoordeel) van die belastingpligtige soos bereken voordat ’n aftrekking ingevolge hierdie artikel toegelaat word, te bowe gaan nie [of], artikel 6quat(1C) of die verrekening van ’n balans van aangeslane verlies kragtens artikel 20(1)(a)(i) of (ii):’’. 35 Wysiging van artikel 20A van Wet 58 van 1962, soos ingevoeg deur artikel 36 van Wet 45 van 2003 en gewysig deur artikel 27 van Wet 31 van 2005, artikel 33 van Wet 17 van 2009, artikel 37 van Wet 23 van 2018 en artikel 22 van Wet 23 van 2020 40 19. (1) Artikel 20A van die Inkomstebelastingwet, 1962, word hiermee gewysig— (a) deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Subartikel (1) is van toepassing waar [die som van] die belasbare inkomste van ’n persoon vir ’n jaar van aanslag, [(] vasgestel sonder inagneming van enige ander bepalings van hierdie artikel[)] en voor verrekening van enige ander vasgestelde verlies en balans van vasgestelde verlies wat ingevolge artikel 20 [verreken is by die bepaling van daardie belasbare inkomste], gelyk is aan of meer is as die bedrag waarop die [maksimum] marginale skaal van belasting 39 persent hefbaar ten opsigte van die belasbare inkomste van individue van toepassing word, en waar—’’; en (b) deur in subartikel (2)(b) subparagraaf (vi) deur die volgende paragraaf te vervang: ‘‘(vi) boerdery of dieretelery daarstel, tensy daardie persoon boerdery[,] of dieretelery [of aktiwiteite van ’n soortgelyke aard] op ’n voltydse basis beoefen;’’. 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 22 Verify source ↗
No. 54448
AI-assisted research summary: Subsection (1) starts on 1 March 2026 and applies to assessment years beginning on or after that date.
22 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 22 (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of years of assessment commencing on or after that date. Amendment of section 23 of Act 58 of 1962, as amended by section 18 of Act 65 of 1973, section 20 of Act 121 of 1984, section 23 of Act 129 of 1991, section 20 of Act 141 of 1992, section 18 of Act 113 of 1993, section 15 of Act 21 of 1994, section 28 of Act 30 of 2000, section 21 of Act 30 of 2002, section 38 of Act 45 of 2003, section 13 of Act 16 of 2004, section 28 of Act 31 of 2005, section 17 of Act 20 of 2006, section 20 of Act 8 of 2007, section 37 of Act 60 of 2008, section 41 of Act 7 of 2010, sections 47 and 162 of Act 24 of 2011, section 271 of Act 28 of 2011, read with item 38 of Schedule 1 to that Act, section 42 of Act 22 of 2012, section 56 of Act 31 of 2013, section 33 of Act 43 of 2014, section 35 of Act 17 of 2017, section 39 of Act 23 of 2018, section 24 of Act 23 of 2020, section 11 of Act 20 of 2022 and section 17 of Act 42 of 2024
Part
Schedule 1 to that Act, section 42 of Act 22 of 2012, section 56 of Act 31 of 2013,
- 20 Verify source ↗
Section 23 of the Income Tax Act, 1962, is hereby amended—
AI-assisted research summary: This provision amends sections 23 and 23M of the Income Tax Act, mainly updating references and wording about certain deductions and interest amounts.
20. Section 23 of the Income Tax Act, 1962, is hereby amended— (a) by the deletion of ‘‘and’’ at the end of paragraph (m)(iiA); (b) by the addition of ‘‘and’’ at the end of paragraph (m)(iv); and (c) by the addition in paragraph (m) after subparagraph (iv) of the following subparagraph: ‘‘(v) any deduction which is allowable under section 6quat(1C);’’. Amendment of section 23M of Act 58 of 1962, as inserted by section 16 of Act 31 of 2013 and amended by section 37 of Act 43 of 2014, section 41 of Act 15 of 2016, section 39 of Act 17 of 2017, section 41 of Act 23 of 2018, section 28 of Act 34 of 2019, section 19 of Act 20 of 2021, section 12 of Act 20 of 2022, section 26 of Act 17 of 2023 and section 18 of Act 42 of 2024 21. (1) Section 23M of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in subsection (1) in paragraph (a) of the definition of ‘‘adjusted taxable income’’ for subparagraph (i) of the following subpara- graph: ‘‘(i) any amount of interest contemplated in section 24J received or accrued that forms part of taxable income;’’; (b) by the addition in subsection (1) in paragraph (a) of the definition of ‘‘adjusted taxable income’’ after subparagraph (iii) of the following subparagraph: ‘‘(iv) any amount of interest accrued, other than amounts referred to in subparagraph (i), in respect of debt referred to in subsection (3); and’’; (c) by the substitution in subsection (1) in paragraph (b) of the definition of ‘‘adjusted taxable income’’ for subparagraph (i) of the following subpara- graph: ‘‘(i) any amount of interest contemplated in section 24J incurred that has been allowed as a deduction from income;’’; (d) by the insertion in subsection (1) in paragraph (b) of the definition of ‘‘adjusted taxable income’’ after subparagraph (iv) of the following subpara- graph: ‘‘(v) any amount of interest incurred, other than amounts referred to in subparagraph (i), in respect of debt referred to in subsection (3);’’; (e) by the substitution in subsection (2) for the words preceding paragraph (a) of the following words: ‘‘Where an amount of interest, other than interest contemplated in paragraph (c) of the definition of ‘interest’ in subsection (1), is incurred by a debtor during a year of assessment in respect of a debt owed to—’’; (f) by the substitution in subsection (2)(i) for item (aa) of the following item: ‘‘(aa) subject to tax in the hands of the person, creditor or other creditor referred to in paragraphs (a), (b), (c) or (d), to which the interest, other than interest contemplated in paragraph (c) of the definition of ‘interest’ in subsection (1), or related interest accrues; or’’; 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 23 Wet no. 5 van 2026 23 (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of na daardie datum begin. Wysiging van artikel 23 van Wet 58 van 1962, soos gewysig deur artikel 18 van Wet 65 van 1973, artikel 20 van Wet 121 van 1984, artikel 23 van Wet 129 van 1991, artikel 20 van Wet 141 van 1992, artikel 18 van Wet 113 van 1993, artikel 15 van Wet 21 van 1994, artikel 28 van Wet 30 van 2000, artikel 21 van Wet 30 van 2002, artikel 38 van Wet 45 van 2003, artikel 13 van Wet 16 van 2004, artikel 28 van Wet 31 van 2005, artikel 17 van Wet 20 van 2006, artikel 20 van Wet 8 van 2007, artikel 37 van Wet 60 van 2008, artikel 41 van Wet 7 van 2010, artikels 47 en 162 van Wet 24 van 2011, artikel 271 van Wet 28 van 2011, gelees met item 38 van Bylae 1 tot daardie Wet, artikel 42 van Wet 22 van 2012, artikel 56 van Wet 31 van 2013, artikel 33 van Wet 43 van 2014, artikel 35 van Wet 17 van 2017, artikel 39 van Wet 23 van 2018, artikel 24 van Wet 23 van 2020, artikel 11 van Wet 20 van 2022 en artikel 17 van Wet 42 van 2024 5 10 - 20 Verify source ↗
Artikel 23 van die Inkomstebelastingwet, 1962, word hierby gewysig—
AI-assisted research summary: This section amends Article 23 and Article 23M of the Income Tax Act, 1962.
20. Artikel 23 van die Inkomstebelastingwet, 1962, word hierby gewysig— 15 (a) deur ‘‘en’’ aan die einde van paragraaf (m)(iiA) te skrap; (b) deur ‘‘en’’ aan die einde van paragraaf (m)(iv) by te voeg; en (c) deur in paragraaf (m) na subparagraaf (iv) die volgende subparagraaf in te voeg: ‘‘(v) enige aftrekking wat kragtens artikel 6quat(1C) toelaatbaar is;’’. 20 Wysiging van artikel 23M van Wet 58 van 1962, soos ingevoeg deur artikel 16 van Wet 31 van 2013 en gewysig deur artikel 37 van Wet 43 van 2014, artikel 41 van Wet 15 van 2016, artikel 39 van Wet 17 van 2017, artikel 41 van Wet 23 van 2018, artikel 28 van Wet 34 van 2019, artikel 19 van Wet 20 van 2021, artikel 12 van Wet 20 van 2022, artikel 26 van Wet 17 van 2023 en artikel 18 van Wet 42 van 2024 25 21. (1) Artikel 23M van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur in subartikel (1) subparagraaf (i) van paragraaf (a) van die omskrywing van ‘‘aangepaste belasbare inkomste’’ deur die volgende subparagraaf te vervang: ‘‘(i) enige bedrag van rente beoog in artikel 24J ontvang of toegeval wat deel vorm van belasbare inkomste;’’; 30 (b) deur in subartikel (1) paragaaf (a) van die omskrywing van ‘‘aangepaste belasbare inkomste’’ die volgende subparagraaf na subparagraaf (iii) by te voeg: ‘‘(iv) enige bedrag van rente toegeval anders as die bedrae bedoel in subparagraaf (i), ten opsigte van skuld in subartikel (3) bedoel; en’’; ‘‘(i) (c) deur in subartikel (1) subparagaaf (i) van pararaaf (b) van die omskrywing ‘‘aangepaste belasbare inkomste’’ deur die volgende subparagraaf te vervang: enige bedrag van rente beoog in artikel 24J aangegaan wat toegelaat was as ’n aftrekking van inkomste;’’; (d) deur in subartikel (1) na subparagraaf (iv) van paragraaf (b) van die omskrywing van ‘‘aangepaste belasbare inkomste’’ die volgende subparagraaf in te voeg: ‘‘(v) enige bedrag van rente aangegaan, anders as die bedrag bedoel in subparagraaf (i), ten opsigte van skuld bedoel in subartikel (3);’’; (e) deur in subartikel (2) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘Waar ’n bedrag van rente, anders as rente beoog in paragraaf (c) van die omskrywing van ‘rente’ in subartikel (1), gedurende ’n jaar van aanslag deur ’n skuldenaar aangegaan word ten opsigte van ’n skuld verskuldig aan—’’; (f) deur in subartikel (2)(i) item (aa) deur die volgende item te vervang: ‘‘(aa) aan belasting onderhewig is nie in die hande van die persoon, krediteur of ander krediteur bedoel in paragrawe (a), (b), (c) of (d), waaraan die rente, anders as rente beoog in paragraaf (c) van die omskrywing van ‘rente’ in subartikel (1), of verwante rente toeval; of’’; 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 24 Verify source ↗
No. 54448
AI-assisted research summary: This provision amends section 24I on the treatment of interest and says subsection (1) starts on 1 January 2026 for assessment years beginning on or after that date.
24 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 24 (g) by the substitution for the words of the proviso to subsection (2) preceding the formula of the following words: ‘‘: Provided that where any amount of interest, other than interest contemplated in paragraph (c) of the definition of ‘interest’ in subsection (1), incurred or related interest is not included in the income of the person referred to in paragraph (i)(aa), and withholding tax on interest was or will be levied on that amount of interest, on payment thereof, under the provisions of Part IVB of this Chapter, the amount of interest to be regarded as not subject to tax as contemplated in paragraph (i)(aa) will be determined in accordance with the formula:’’; (h) by the substitution in subsection (3) for paragraph (a) of the following paragraph: ‘‘(a) the amount of interest contemplated in section 24J and any other amount of interest in respect of that debt, received by or accrued to the debtor; and’’; (i) by the substitution in subsection (3) for the words following paragraph (b) of the following words: ‘‘reduced by so much of any amount of deductible interest contemplated in section 24J incurred by the debtor in respect of debts other than debts contemplated in subsection (2) as exceeds any amount not allowed to be deducted in terms of section 23N.’’; (j) by the substitution for subsection (4) of the following subsection: ‘‘(4) So much of any amount of interest as exceeds the amount determined in terms of subsection (3) [may] must be carried forward to the immediately succeeding year of assessment, and [subject to subsection (2),] must be deemed to be an amount of interest incurred in that succeeding year of assessment in respect of a debt [owed to a creditor that is not subject to tax on that interest] that qualifies for a deduction subject to the limitation in subsection (2).’’; 5 10 15 20 25 (k) by the substitution in subsection (6) for the words in paragraph (a) preceding 30 subparagraph (i) of the following words: (l) ‘‘to [so much of the interest as is incurred by a debtor in respect of] a debt owed to a creditor as contemplated in subsection (2) in respect of which interest contemplated in section 24J is incurred, where—’’; and by the substitution in subsection (6) for subparagraph (i) of paragraph (a) of the following subparagraph: ‘‘(i) that creditor directly or indirectly funded that debt amount advanced to that debtor with funding granted by a lending institution that is not in a controlling relationship with that debtor; and’’. 35 (2) Subsection (1) comes into operation on 1 January 2026 and applies in respect of 40 years of assessment commencing on or after that date. Amendment of section 24I of Act 58 of 1962, as inserted by section 21 of Act 113 of 1993 and amended by section 11 of Act 140 of 1993, section 18 of Act 21 of 1994, section 13 of Act 36 of 1996, section 18 of Act 28 of 1997, section 35 of Act 30 of 1998, section 26 of Act 53 of 1999, section 31 of Act 59 of 2000, section 36 of Act 60 of 2001, section 27 of Act 74 of 2002, section 42 of Act 45 of 2003, section 23 of Act 32 of 2004, section 33 of Act 31 of 2005, section 26 of Act 9 of 2006, section 19 of Act 20 of 2006, section 23 of Act 8 of 2007, section 40 of Act 35 of 2007, section 20 of Act 3 of 2008, section 38 of Act 17 of 2009, section 47 of Act 7 of 2010, section 52 of Act 24 of 2011, section 53 of Act 22 of 2012, section 68 of Act 31 of 2013, section 40 of Act 43 of 2014, section 44 of Act 25 of 2015, section 44 of Act 15 of 2016, section 42 of Act 17 of 2017, section 43 of Act 23 of 2018, section 30 of Act 34 of 2019, section 27 of Act 17 of 2023 and section 20 of Act 42 of 2024 45 50 22. (1) Section 24I of the Income Tax Act, 1962, is hereby amended— (a) by the deletion in subsection (1) of ‘‘or’’ at the end of paragraph (c) of the definition of ‘‘realised’’ and the addition of ‘‘or’’ at the end of paragraph (d) of that definition; 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 25 Wet no. 5 van 2026 25 (g) deur die woorde van die voorbehoudsbepaling tot subartikel (2) wat die formule voorafgaan deur die volgende woorde te vervang: ‘‘: Met dien verstande dat waar enige bedrag van rente, anders as rente beoog in paragraaf (c) van die omskrywing van ‘rente’ in subartikel (1), aangegaan of verwante rente nie by die inkomste van die persoon bedoel in paragraaf (i)(aa) ingesluit word nie, en terughoudingsbelasting op rente op daardie bedrag aan rente, by betaling daarvan, kragtens die bepalings van Deel IVB van hierdie Hoofstuk gehef is of sal word, die bedrag van rente wat as nie onderhewig aan belasting beskou moet word nie, soos beoog in paragraaf (i)(aa) bepaal moet word ooreenkomstig die formule:’’; (h) deur in subartikel (3) paragraaf (a) deur die volgende paragraaf te vervang: ‘‘(a) die bedrag van rente beoog in artikel 24J en enige ander bedrag van rente ten opsigte van daardie skuld, ontvang deur of toegeval aan die skuldenaar; en’’; (i) deur in subartikel (3) die woorde na paragraaf (b) deur die volgende woorde te vervang: ‘‘verminder met soveel van enige bedrag rente beoog in artikel 24J aangegaan deur die skuldenaar ten opsigte van skulde buiten skulde beoog in subartikel (2) soos wat enige bedrag te bowe gaan wat nie ingevolge artikel 23N toegelaat word om afgetrek te word nie.’’; (j) deur subartikel (4) deur die volgende subartikel te vervang: ‘‘(4) Soveel van enige bedrag van rente as wat die bedrag bepaal ingevolge subartikel (3) oorskry, [mag] moet oorgedra word na die onmiddellik daaropvolgende jaar van aanslag en moet[, behoudens subartikel (2),] geag word ’n bedrag van rente in daardie opvolgende jaar van aanslag aangegaan te wees ten opsigte van ’n skuld [verskuldig aan ’n krediteur wat nie aan belasting op daardie rente onderhewig is nie] wat kwalifiseer vir ’n aftrekking onderhewig aan die beperking van subartikel (2).’’; (k) deur in subartikel (6) die woorde wat subparagraaf (i) in paragraaf (a) (l) voorafgaan deur die volgende woorde te vervang: ‘‘op [soveel van die rente wat aangegaan word deur ’n skuldenaar ten opsigte van] ’n skuld verskuldig aan ’n krediteur soos in subartikel (2) beoog ten opsigte waarvan rente beoog in artikel 24J aangegaan word, waar—’’; en deur in subartikel (6) subparagraaf (i) van paragraaf (a) deur die volgende subparagraaf te vervang: ‘‘(i) daardie krediteur regstreeks of onregstreeks daardie skuldbedrag voorgeskiet aan daardie skuldenaar befonds het met die befondsing toegestaan deur ’n leningsinstansie wat nie in ’n beherende verhouding met daardie skuldenaar is nie; en’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 24I van Wet 58 van 1962, soos ingevoeg deur artikel 21 van Wet 113 van 1993 en gewysig deur artikel 11 van Wet 140 van 1993, artikel 18 van Wet 21 van 1994, artikel 13 van Wet 36 van 1996, artikel 18 van Wet 28 van 1997, artikel 35 van Wet 30 van 1998, artikel 26 van Wet 53 van 1999, artikel 31 van Wet 59 van 2000, artikel 36 van Wet 60 van 2001, artikel 27 van Wet 74 van 2002, artikel 42 van Wet 45 van 2003, artikel 23 van Wet 32 van 2004, artikel 33 van Wet 31 van 2005, artikel 26 van Wet 9 van 2006, artikel 19 van Wet 20 van 2006, artikel 23 van Wet 8 van 2007, artikel 40 van Wet 35 van 2007, artikel 20 van Wet 3 van 2008, artikel 38 van Wet 17 van 2009, artikel 47 van Wet 7 van 2010, artikel 52 van Wet 24 van 2011, artikel 53 van Wet 22 van 2012, artikel 68 van Wet 31 van 2013, artikel 40 van Wet 43 van 2014, artikel 44 van Wet 25 van 2015, artikel 44 van Wet 15 van 2016, artikel 42 van Wet 17 van 2017, artikel 43 van Wet 23 van 2018, artikel 30 van Wet 34 van 2019, artikel 27 van Wet 17 van 2023, en artikel 20 van Wet 42 van 2024 5 10 15 20 25 30 35 40 45 50 55 22. (1) Artikel 24I van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur in subartikel (1) ‘‘of’’ aan die einde van paragraaf (c) van die omskrywing van ‘‘gerealiseer’’ te skrap en ‘‘of’’ aan die einde van paragraaf (d) van daardie omskrywing in te voeg; 60 This gazette is also available free online at www.gpwonline.co.za - 26 Verify source ↗
No. 54448
AI-assisted research summary: This section amends tax rules and definitions for realised amounts, ruling exchange rate, transaction date, and exchange-item calculations involving preference shares and foreign-currency debt.
26 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 26 (b) by the addition in subsection (1) to the definition of ‘‘realised’’ after paragraph (d) of the following paragraph: ‘‘(e) a preference share, when the share is cancelled or disposed of;’’; (c) by the substitution in subsection (1) in the definition of ‘‘ruling exchange rate’’ for the words in paragraph (a) preceding subparagraph (i) of the following words: ‘‘a debt or a preference share in a foreign currency on—’’; (d) by the substitution in subsection (1) for the proviso to paragraph (a) of the definition of ‘‘ruling exchange rate’’ of the following proviso: ‘‘Provided that where the rate prescribed in respect of a debt or a preference share in terms of this definition is the spot rate on transaction date or the spot rate on the date on which such debt is realised, and any consideration paid or incurred or received or accrued in respect of the acquisition or disposal of such debt or preference share was determined by applying a rate other than such spot rate on transaction date or date realised, such spot rate shall be deemed to be the acquisition rate or disposal rate, as the case may be;’’; 5 10 15 (e) by the insertion in subsection (1) in the definition of ‘‘transaction date’’ after paragraph (b) of the following paragraph: ‘‘(bA) a preference share, the date on which the preference share was 20 issued or acquired;’’; (f) by the substitution in subsection (4) for the words preceding paragraph (a) of the following words: ‘‘(4) Subject to section 11, in determining the taxable income of any person contemplated in subsection (2) in respect of a debt owing to that person as referred to in paragraph (b) of the definition of ‘exchange item’, to the extent that—’’; 25 (g) by the substitution in subsection (4) for paragraph (a) of the following paragraph: ‘‘(a) [to the extent that] on realisation the debt was irrecoverable by 30 reason of becoming bad; or’’; (h) by the substitution in subsection (10A)(a)(ii) for item (aa) of the following item: ‘‘(aa) or any portion thereof [does not represent] represents for that person a [current] non-current asset or a [current] non-current liability for the purposes of financial reporting pursuant to IFRS; and’’; (i) by the substitution in subsection (10A)(b) for the words following subpara- graph (ii) of the following words: ‘‘an amount in respect of that exchange item must be included in or deducted from the income of that person under subsection (3) or taken into account under subsection (3A) in that subsequent year of assessment or in the year of assessment during which the exchange item is realised, which amount shall be determined by multiplying that exchange item by the difference between the ruling exchange rate on the last day of the year of assessment immediately preceding that subsequent year of assessment and the ruling exchange rate on transaction date, [less any amount of the exchange differences included in or deducted from the income] appropriately adjusted for any exchange differences included in or deducted from the income of that person in terms of this section or taken into account under [subsection] subsections (3) and (3A) in respect of that exchange item for all years of assessment preceding that subsequent year of assessment during which the person was a party to the contractual provisions of the exchange item.’’; and 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 27 Wet no. 5 van 2026 27 (b) deur in subartikel (1) die volgende paragraaf na paragraaf (d) van die omskrywing van ‘‘gerealiseer’’ by te voeg: ‘‘(e) ’n voorkeuraandeel, wanneer die aandeel gekanselleer is of mee weggedoen is;’’; (c) deur in subartikel (1) in die omskrywing van ‘‘heersende wisselkoers’’ die woorde in paragraaf (a) wat subparagraaf (i) voorafgaan deur die volgende woorde te vervang: ‘‘ ’n skuld of ’n voorkeuraandeel in buitelandse valuta is op—’’; (d) deur in subartikel (1) die voorbehoudsbepaling tot paragraaf (a) van die omskrywing van ‘‘heersende wisselkoers’’ deur die volgende voorbe- houdsbepaling te vervang: ‘‘Met dien verstande dat waar die koers wat ten opsigte van ’n skuld of ’n voorkeuraandeel ingevolge hierdie omskrywing voorgeskryf die kontantkoers is op transaksiedatum of kontantkoers is op die datum waarop bedoelde skuld gerealiseer is, en enige vergoeding ten opsigte van die verkryging of vervreemding van bedoelde skuld of voorkeuraandeel betaal of aangegaan of ontvang of toegeval, vasgestel is deur ’n koers toe te pas anders as bedoelde kontantkoers op transaksie- datum of datum gerealiseer, bedoelde kontantkoers geag word die verkrygingskoers of vervreemdingskoers, na gelang van die geval, te wees;’’; (e) deur in subartikel (1) die volgende paragraaf na paragraaf (b) van die omskrywing van ‘‘transaksiedatum’’ in te voeg: ‘‘(bA) ’n voorkeuraandeel, die datum waarop die voorkeuraandeel uitgereik of verkry is;’’; (f) deur in subartikel (4) die woorde wat paragraaf (a) voorafgaan deur die volgende woorde te vervang: ‘‘(4) Behoudens artikel 11, by die berekening van die belasbare inkomste van enige persoon beoog in subartikel (2) ten opsigte van ’n skuld aan daardie persoon verskuldig soos bedoel in paragraaf (b) van die omskrywing van ‘valuta-item’ tot die mate—’’; (g) deur in subartikel (4) paragraaf (a) deur die volgende paragraaf te vervang: ‘‘(a) [tot die mate] wat by realisasie die skuld oninbaar geword het as gevolg daarvan dat dit slegte skuld geword het; of’’; (h) deur item (aa) in subartikel (10A)(a)(ii) deur die volgende item te vervang: ‘‘(aa) of enige gedeelte daarvan [nie] vir daardie persoon ’n [bedryfsbate] nie-bedryfsbate of ’n [bedryfslas] nie-bedryfslas by die toepassing van finansiële verslaggewing ooreenkomstig die IFRS verteenwoordig [nie]; en’’; 5 10 15 20 25 30 35 (i) deur in subartikel (10A)(b) die woorde wat op subparagraaf (ii) volg deur die volgende woorde te vervang: 40 ‘‘word ’n bedrag ten opsigte van daardie valuta-item ingesluit by of afgetrek van die inkomste van daardie persoon kragtens subartikel (3) en kragtens subartikel (3A) in daardie daaropvolgende jaar van aanslag of in die jaar van aanslag waartydens die valuta-item gerealiseer word welke bedrag bepaal word deur daardie valuta-item te vermenigvuldig met die verskil tussen die heersende wisselkoers op die laaste dag van die jaar van aanslag onmiddellik voor daardie daaropvolgende jaar van aanslag en die heersende wisselkoers op die transaksiedatum, [minus enige ingesluit by of afgetrek van die bedrag van die valutaverskil inkomste] geskikte aanpassing van enige valutaverskil ingesluit of afgetrek van die inkomste van daardie persoon ingevolge hierdie artikel of kragtens [subartikel] subartikels (3) en (3A) ten opsigte van daardie valuta-item vir alle jare van aanslag wat daardie daaropvolgende jaar van aanslag waartydens die persoon ’n party by die kontraktuele bepalings van die valuta-item was, voorafgaan.’’; en 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 28 Verify source ↗
No. 54448
AI-assisted research summary: This section changes how certain trust amounts and exchange-difference amounts are treated for income tax, and sets start dates for the amendments.
28 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 28 (j) by the addition in subsection (10A) after paragraph (b) of the following paragraph: ‘‘(c) Where paragraph (a) was applied during the current or any previous year of assessment to any exchange difference in respect of an exchange item and that exchange difference is or was neither included in nor deducted from the income of a person under subsection (3), or taken into account under subsection (3A) (hereinafter referred to as ‘deferred amounts’), and that exchange item is realised in part during the current year of assessment, an amount in respect of that exchange item must be included in the income or deducted from the income, as the case may be, of that person equal to— (i) (ii) the deferred amounts; and reduced or increased, as the case may be, by inclusions or deductions from income under this paragraph in previous years of assessment, that bears to the result of subparagraphs (i) and (ii), the ratio of the amount in foreign currency of the exchange item that is realised in part during the year of assessment to the amount in foreign currency of the balance of the exchange item at the end of the immediately preceding year of assessment.’’. (2) Subsection (1)(a) to (e) is deemed to have come into operation on 1 January 2025 and applies in respect of years of assessment commencing on or after that date. (3) Subsection (1)(f) to (j) comes into operation on 1 January 2026 and applies in respect of years of assessment commencing on or after that date. Amendment of section 24JB of Act 58 of 1962, as inserted by section 56 of Act 22 of 2012, as substituted by section 71 of Act 31 of 2013 and amended by section 43 of Act 43 of 2014, section 46 of Act 15 of 2016, section 44 of Act 17 of 2017, section 44 of Act 23 of 2018, section 27 of Act 23 of 2020 and section 21 of Act 42 of 2024 5 10 15 20 25 23. (1) Section 24JB of the Income Tax Act, 1962, is hereby amended by the 30 substitution in subsection (2) for paragraph (b) of the following paragraph: ‘‘(b) a dividend or foreign dividend received by or accrued to a covered person, other than a dividend or foreign dividend in respect of a share that is measured at fair value in profit or loss in terms of this subsection and that serves as a hedge in respect of a financial asset or financial liability of that person that is measured at fair value in profit or loss in terms of this subsection.’’. (2) Subsection (1) comes into operation on 1 January 2026 and applies in respect of 35 years of assessment commencing on or after that date. Amendment of section 25B of Act 58 of 1962, as substituted by section 27 of Act 32 of 2004 and amended by section 48 of Act 23 of 2018, section 28 of Act 23 of 2020 and section 29 of Act 17 of 2023 40 24. (1) Section 25B of the Income Tax Act, 1962, is hereby amended by the substitution for subsection (1) of the following subsection: ‘‘(1) Any amount (other than an amount of a capital nature which is not included in gross income or an amount contemplated in paragraph 3B of the Second Schedule) received by or accrued to or in favour of any person during any year of assessment in his or her capacity as the trustee of a trust, shall, subject to the provisions of section [7] 7(2) to (8),— (a) where that trust is a resident, to the extent to which that amount has been derived for the immediate or future benefit of any ascertained benefi- ciary, who is a resident and has a vested right to that amount during that year, be deemed to be an amount which has accrued to that beneficiary, and to the extent to which that amount is not so derived, be deemed to be an amount which has accrued to that trust[.]; or (b) where that trust is not a resident, to the extent to which that amount has been derived for the immediate or future benefit of any ascertained beneficiary, who has a vested right to that amount during that year, be deemed to be an amount which has accrued to that beneficiary, and to the 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 29 Wet no. 5 van 2026 29 (j) (3A) deur in subartikel (10A) die volgende paragraaf na paragraaf (b) in te voeg: ‘‘(c) Waar paragraaf (a) toegepas is tydens die huidige of enige vorige jaar van aanslag op enige valutaverskil ten opsigte van ’n valuta-item en daardie valutaverskil nie ingesluit is of afgetrek is van die inkomste van ’n persoon kragtens artikel 3 nie, of kragtens subartikel in berekening gebring is (hierna verwys as ‘uitgestelde bedrae’), en daardie valuta-item gedeeltelik gerealiseer is tydens die huidige jaar van aanslag, moet ’n bedrag ten opsigte van daardie valuta-item ingesluit word in die inkomste of afgetrek word van die inkomste, na gelang van die geval, van daardie persoon gelyk aan— (i) die uitgestelde bedrae; en (ii) verminder of verhoog word, na gelang van die geval, met insluitings of aftrekkings van inkomste kragtens hierdie paragraaf in vorige jare van aanslag, wat die resultaat van subparagrawe (i) en (ii) gee, die verhouding van die bedrag in buitelandse valuta van die valuta-item wat gedeeltelik gerealiseer is tydens die jaar van aanslag tot daardie bedrag in buielandse valuta van die balans van die valuta-item teen die einde van die onmiddelik daaropvolgende jaar van aanslag.’’. (2) Subartikel (1)(a) tot (e) word geag op 1 Januarie 2025 in werking te getree het en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. (3) Subartikel (1)(f) tot (j) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 24JB van Wet 58 van 1962, soos ingevoeg deur artikel 56 van Wet 22 van 2010, soos vervang deur artikel 71 van Wet 31 van 2013 en gewysig deur artikel 43 van Wet 43 van 2014, artikel 46 van Wet 15 van 2016, artikel 44 van Wet 17 van 2017, artikel 44 van Wet 23 van 2018, artikel 27 van Wet 23 van 2020 en artikel 21 van Wet 42 van 2024 5 10 15 20 25 23. (1) Artikel 24JB van die Inkomstebelastingwet, 1962, word hierby gewysig deur 30 in subartikel (2) paragraaf (b) deur die volgende paragraaf te vervang: ‘‘(b) ’n dividend of buitelandse dividend ontvang deur of toegeval aan ’n gedekte persoon, anders as ’n dividend of buitelandse dividend ten opsigte van ’n aandeel wat teen billike waarde in wins of verlies gemeet word ingevolge hierdie subartikel en dit dien as ’n beperking ten opsigte van ’n finansiële bate of finansiële las van daardie persoon wat teen ’n billike waarde in wins of verlies gemeet is ingevolge hierdie subartikel.’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking en is van toepassing ten aansien 35 van jare van aanslag wat op of na daardie datum begin. Wysiging van artikel 25B van Wet 58 van 1962, soos vervang deur artikel 27 van Wet 32 van 2004 en gewysig deur artikel 48 van Wet 23 van 2018, artikel 28 van Wet 23 van 2020 en artikel 29 van Wet 17 van 2023 40 24. (1) Artikel 25B van die Inkomstebelastingwet, 1962, word hierby gewysig deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Enige bedrag (buiten ’n bedrag van kapitale aard wat nie ingesluit is in bruto inkomste nie of ’n bedrag beoog in paragraaf 3B van die Tweede Bylae gedurende enige jaar van aanslag ontvang deur of toegeval aan of ten gunste van ’n persoon in sy of haar hoedanigheid as die trustee van ’n trust, word, behoudens die bepalings van artikel [7] 7(2) tot (8),— (a) waar daardie trust ’n inwoner is, vir sover daardie bedrag verkry is vir die onmiddellike of toekomstige voordeel van ’n vasgestelde begunstigde, wat ’n inwoner is en gedurende daardie jaar ’n gevestigde reg op daardie bedrag het, geag ’n bedrag te wees wat toegeval het aan daardie begunstigde, en vir sover daardie bedrag nie aldus verkry is nie, geag ’n bedrag te wees wat aan daardie trust toegeval het[.]; of (b) waar daardie trust nie ’n inwoner is nie, vir sover daardie bedrag verkry is vir die onmiddellike of toekomstige voordeel van enige vasgestelde begunstigde, wat gedurende daardie jaar ’n gevestigde reg op daardie bedrag het, geag ’n bedrag te wees wat aan daardie begunstigde toegeval 45 50 55 This gazette is also available free online at www.gpwonline.co.za
Part
part during the year of assessment to the amount in foreign currency
- 30 Verify source ↗
No. 54448
AI-assisted research summary: This provision amends section 29A and says subsection (1) starts on 1 March 2026.
30 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 30 extent to which that amount is not so derived, be deemed to be an amount which has accrued to that trust.’’. (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of years of assessment commencing on or after that date. Amendment of section 29A of Act 58 of 1962, as inserted by section 30 of Act 53 of 1999 and amended by section 36 of Act 59 of 2000, section 15 of Act 5 of 2001, section 15 of Act 19 of 2001, section 39 of Act 60 of 2001, section 30 of Act 74 of 2002, section 16 of Act 16 of 2004, section 23 of Act 20 of 2006, section 21 of Act 3 of 2008, section 52 of Act 7 of 2010, section 62 of Act 22 of 2012, section 77 of Act 31 of 2013, section 47 of Act 43 of 2014, section 53 of Act 25 of 2015, section 50 of Act 15 of 2016, section 46 of Act 17 of 2017, section 51 of Act 23 of 2018, section 34 of Act 34 of 2019, section 30 of Act 23 of 2020, section 22 of Act 20 of 2021, section 15 of Act 20 of 2022, section 32 of Act 17 of 2023 and section 25 of Act 42 of 2024 - 25 Verify source ↗
Section 29A of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: This provision amends parts of the Income Tax Act, including section 29A and the definitions used in section 41.
25. Section 29A of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (11)(a) (iii) for the proviso of the following proviso: ‘‘Provided that the amount of the deduction in terms of this subparagraph shall not exceed the taxable income of the policyholder fund before deducting an amount in terms of this subparagraph or section 18A, or setting off a balance of assessed loss under section 20(1)(a)(i);’’. Amendment of section 41 of Act 58 of 1962, as substituted by section 34 of Act 74 of 2002 and amended by section 49 of Act 45 of 2003, section 32 of Act 32 of 2004, section 37 of Act 31 of 2005, section 28 of Act 20 of 2006, sections 32 and 103 of Act 8 of 2007, section 52 of Act 35 of 2007, section 25 of Act 3 of 2008, section 48 of Act 60 of 2008, section 47 of Act 17 of 2009, section 61 of Act 7 of 2010, section 67 of Act 24 of 2011, section 73 of Act 22 of 2012, section 90 of Act 31 of 2013, section 54 of Act 43 of 2014, section 61 of Act 25 of 2015, section 54 of Act 15 of 2016, section 50 of Act 17 of 2017, section 54 of Act 23 of 2018, section 39 of Act 34 of 2019 and section 24 of Act 20 of 2021 5 10 15 20 25 26. (1) Section 41 of the Income Tax Act, 1962, is hereby amended— (a) by the substitution in subsection (1) for the definition of ‘‘company’’ of the 30 following definition: ‘‘ ‘company’ does not include a headquarter company and, for the purposes of [sections 42 and] section 44, includes any portfolio of a collective investment scheme in securities or any portfolio of a hedge fund collective investment scheme;’’; and (b) by the substitution in subsection (1) for the definition of ‘‘equity share’’ of the following definition: ‘‘ ‘equity share’, for the purposes of [sections 42 and] section 44, includes a participatory interest in a portfolio of a collective investment scheme in securities or in a portfolio of a hedge fund collective investment scheme;’’. (2) Subsection (1) comes into operation on 1 January 2027 and applies to years of assessment commencing on or after that date. Amendment of section 42 of Act 58 of 1962, as substituted by section 34 of Act 74 of 2002 and amended by section 50 of Act 45 of 2003, section 33 of Act 32 of 2004, section 38 of Act 31 of 2005, section 29 of Act 20 of 2006, section 33 of Act 8 of 2007, section 53 of Act 35 of 2007, section 26 of Act 3 of 2008, section 49 of Act 60 of 2008, section 48 of Act 17 of 2009, section 62 of Act 7 of 2010, section 68 of Act 24 of 2011, section 74 of Act 22 of 2012, section 91 of Act 31 of 2013, section 55 of Act 43 of 2014, section 62 of Act 25 of 2015, section 51 of Act 17 of 2017, section 55 of Act 23 of 2018, section 40 of Act 34 of 2019, section 25 of Act 20 of 2021 and section 36 of Act 17 of 2023 35 40 45 50 27. (1) Section 42 of the Income Tax Act, 1962, is hereby amended— This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 31 Wet no. 5 van 2026 31 het en vir sover daardie bedrag nie aldus verkry is nie, geag ’n bedrag te wees wat aan daardie trust toegeval het.’’. (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten aansien van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 29A van Wet 58 van 1962, soos ingevoeg deur artikel 30 van Wet 53 van 1999 en gewysig deur artikel 36 van Wet 59 van 2000, artikel 15 van Wet 5 van 2001, artikel 15 van Wet 19 van 2001, artikel 39 van Wet 60 van 2001, artikel 30 van Wet 74 van 2002, artikel 16 van Wet 16 van 2004, artikel 23 van Wet 20 van 2006, artikel 21 van Wet 3 van 2008, artikel 52 van Wet 7 van 2010, artikel 62 van Wet 22 van 2012, artikel 77 van Wet 31 van 2013, artikel 47 van Wet 43 van 2014, artikel 53 van Wet 25 van 2015, artikel 50 van Wet 15 van 2016, artikel 46 van Wet 17 van 2017, artikel 51 van Wet 23 van 2018, artikel 34 van Wet 34 van 2019, artikel 30 van Wet 23 van 2020, artikel 22 van Wet 20 van 2021, artikel 15 van Wet 20 van 2022, artikel 32 van Wet 17 van 2023 en artikel 25 van Wet 42 van 2024 - 25 Verify source ↗
Artikel 29A van die Inkomstebelastingwet, 1962, word hierby gewysig deur die
AI-assisted research summary: This provision amends tax-law definitions and sets a start date for part of the amendment.
25. Artikel 29A van die Inkomstebelastingwet, 1962, word hierby gewysig deur die voorbehoudsbepaling in subartikel (11)(a)(iii) deur die volgende voorbehoudsbepaling te vervang: ‘‘Met dien verstande dat die bedrag van die aftrekking ingevolge hierdie subparagraaf nie die belasbare inkomste van die polishouerfonds sal oorskry voordat enige bedrag ingevolge hierdie paragraaf of subartikel 18A afgetrek word nie of ’n balans verreken van aangeslane verlies kragtens artikel 20(1)(a)(i);’’. Wysiging van artikel 41 van Wet 58 van 1962, soos vervang deur artikel 34 van Wet 74 van 2002 en gewysig deur artikel 49 van Wet 45 van 2003, artikel 32 van Wet 32 van 2004, artikel 37 van Wet 31 van 2005, artikel 28 van Wet 20 van 2006, artikels 32 en 103 van Wet 8 van 2007, artikel 52 van Wet 35 van 2007, artikel 25 van Wet 3 van 2008, artikel 48 van Wet 60 van 2008, artikel 47 van Wet 17 van 2009, artikel 61 van Wet 7 van 2010, artikel 67 van Wet 24 van 2011, artikel 73 van Wet 22 van 2012, artikel 90 van Wet 31 van 2013, artikel 54 van Wet 43 van 2014, artikel 61 van Wet 25 van 2015, artikel 54 van Wet 15 van 2016, artikel 50 van Wet 17 van 2017, artikel 54 van Wet 23 van 2018, artikel 39 van Wet 34 van 2019 en artikel 24 van Wet 20 van 2021 26. (1) Artikel 41 van die Inkomstebelastingwet, 1962, word hierby gewysig— (a) deur in subartikel (1) die omskrywing van ‘‘maatskappy’’ deur die volgende omskrywing te vervang: ‘‘ ‘maatskappy’ nie ook nie ’n hoofkwartiermaatskappy en, by die toepassing van [artikels 42 en] artikel 44, ook ’n portefeulje van ’n kollektiewe beleggingskema in effekte of enige portefeulje van ’n daaldekkingsfonds kollektiewe beleggingskema;’’; en (b) deur in subartikel (1) die omskrywing van ‘‘ekwiteitsaandeel’’ deur die volgende omskrywing te vervang: ‘‘ ‘ekwiteitsaandeel’, by die toepassing van [artikels 42 en] artikel 44, ook ’n deelnemingsbelang in ’n portefeulje van ’n kollektiewe belegging- skema in effekte of enige portefeulje van ’n daaldekkingsfonds kollektiewe beleggingskema;’’. 5 10 15 20 25 30 35 40 (2) Subartikel (1) tree op 1 Januarie 2027 in werking en is van toepassing ten aansien 45 van jare van aanslag wat op of ná daardie datum begin. Wysiging van artikel 42 van Wet 58 van 1962, soos vervang deur artikel 34 van Wet 74 van 2002 en gewysig deur artikel 50 van Wet 45 van 2003, artikel 33 van Wet 32 van 2004, artikel 38 van Wet 31 van 2005, artikel 29 van Wet 20 van 2006, artikel 33 van Wet 8 van 2007, artikel 53 van Wet 35 van 2007, artikel 26 van Wet 3 van 2008, artikel 49 van Wet 60 van 2008, artikel 48 van Wet 17 van 2009, artikel 62 van Wet 7 van 2010, artikel 68 van Wet 24 van 2011, artikel 74 van Wet 22 van 2012, artikel 91 van Wet 31 van 2013, artikel 55 van Wet 43 van 2014, artikel 62 van Wet 25 van 2015, artikel 51 van Wet 17 van 2017, artikel 55 van Wet 23 van 2018, artikel 40 van Wet 34 van 2019, artikel 25 van Wet 20 van 2021 en artikel 36 van Wet 17 van 2023 50 55 27. (1) Artikel 42 van die Inkomstebelastingwet, 1962, word hierby gewysig— This gazette is also available free online at www.gpwonline.co.za - 32 Verify source ↗
No. 54448
AI-assisted research summary: This section changes the tax rules for certain asset-for-share transactions and sets out an exception based on shareholding thresholds and a 90-day period.
32 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 32 (a) by the substitution in subsection (1) in the definition of ‘‘asset-for-share transaction’’ for the proviso to paragraph (a)(ii) of the following proviso: ‘‘Provided that this subparagraph does not apply in respect of any transaction which meets the requirements of subparagraph (i) in terms of which a person holding less than 20 per cent of the [disposes of— (i) an] equity [share] shares in a listed company [or in a portfolio of a collective investment scheme in securities or in a portfolio of a hedge fund collective investment scheme] disposes of an equity share in that company to any other company and after that disposal, together with any other transaction that is concluded— (aa) on the same terms as that transaction; and (bb) within a period of 90 days after that disposal, that other company holds— (A) at least 35 per cent of the equity shares of that listed company [or portfolio]; or (B) at least 25 per cent of the equity shares of that listed company [or portfolio] if no person other than that other company holds an equal or greater amount of equity shares in the listed company [or portfolio; or 5 10 15 (ii) an asset to a portfolio of a hedge fund collective investment 20 scheme]; or’’; (b) by the deletion in the definition of ‘‘qualifying interest’’ of paragraph (b); (c) by the deletion in the definition of ‘‘qualifying interest’’ of paragraph (e); (d) by the substitution in subsection (2) for the words of the proviso to paragraph (b) preceding paragraph (i) of that proviso of the following words: 25 this paragraph does not apply in respect of any ‘‘Provided that asset-for-share transaction in terms of which a person holding less than 20 per cent of the [disposes of an] equity [share] shares in a listed company [or in a portfolio of a collective investment scheme in securities] disposes of an equity share in that company to any other company and after that disposal, together with any other asset-for-share transaction that is concluded—’’; (e) by the substitution for the proviso to subsection (3A) of the following proviso: ‘‘Provided that this subsection does not apply in respect of any asset-for-share transaction in terms of which a person holding less than 20 per cent of the equity shares in a listed company disposes of[— (i)] an equity share in [a listed] that company [or in a portfolio of a collective investment scheme in securities or in a portfolio of a hedge fund collective investment scheme] to any other company and after that disposal, together with any other transaction that is concluded— (aa) on the same terms as that transaction; and (bb) within a period of 90 days after that disposal, that other 30 35 40 company holds— (A) at least 35 per cent of the equity shares of that listed company [or portfolio]; or 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 33 Wet no. 5 van 2026 33 (a) deur in subartikel (1) in die omskrywing van ‘‘bate-vir-aandeel-transaksie’’ volgende paragraaf (a)(ii) deur die tot voorbehoudsbepaling die voorbehoudsbepaling te vervang: ‘‘Met dien verstande dat hierdie subparagraaf nie van toepassing is nie ten opsigte van ’n transaksie wat aan die vereistes van subparagraaf (i) voldoen ingevolge waarvan ’n persoon wat minder as 20 persent van die [oor— (i) ’n ekwiteitesaandeel] ekwiteitsaandele in ’n genoteerde maat- skappy [beskik of ’n portefeulje van ’n kollektiewe beleggingskema in effekte of enige portefeulje van ’n daal- dekkingsfonds ’n ekwiteitsaandeel beskik] hou, beskik oor ’n ekwiteitsaandeel in daardie maatskappy aan enige ander maatskappy en na daardie beskikking, tesame met enige ander transaksie wat aangegaan word— beleggingskema kollektiewe oor 5 10 15 (aa) op dieselfde bedinge as daardie transaksie; en (bb) binne ’n tydperk van 90 dae na daardie beskikking, daardie ander maatskappy— (A) minstens 35 persent van die ekwiteitsaandele van daardie genoteerde maatskappy [of portefeulje] hou; of 20 (B) minstens 25 persent van die ekwiteitsaandele van daardie genoteerde maatskappy [of portefeulje] hou indien geen persoon buiten daardie ander maatskappy ’n gelykstaande of groter getal ekwiteitsaandele in die genoteerde maatskappy [of portefeulje] hou nie[; of (ii) ’n bate aan ’n portefeulje van ’n daaldekkingsfonds kollektiewe beleggingskema]; of’’; (b) deur in die omskrywing van ‘‘kwalifiserende belang’’ paragraaf (b) te skrap; (c) deur in die omskrywing van ‘‘kwalifiserende belang’’ paragraaf (e) te skrap; (d) deur in subartikel (2) die woorde van die voorbehoudsbepaling van paragraaf (b) wat paragraaf (i) van daardie voorbehoudsbepaling voorafgaan, deur die volgende woorde te vervang: ‘‘Met dien verstande dat hierdie paragraaf nie van toepassing is nie ten opsigte van ’n bate-vir-aandeel-transaksie ingevolge waarvan ’n persoon wat minder as [’n ekwiteitsaandeel] 20 persent van die ekwiteitsaandele in ’n genoteerde maatskappy [of in ’n portefeulje van ’n kollektiewe beleggingskema in effekte beskik] hou, beskik oor enige ekwiteits- aandeel in daardie maatskappy hou, aan enige ander maatskappy en na daardie beskikking, tesame met enige ander bate-vir-aandeel-transaksie wat aangegaan word—’’; (e) deur in subartikel (3A) die voorbehoudsbepaling deur die volgende voorbehoudsbepaling te vervang: ‘‘Met dien verstande dat hierdie subartikel nie van toepassing is nie ten opsigte van enige bate-vir-aandeel-transaksie ingevolge waarvan ’n persoon wat minder as 20 persent van die ekwiteitsaandele in ’n genoteerde maatskappy hou, beskik oor[— (i)] ’n ekwiteitsaandeel in [’n genoteerde] daardie maatskappy [of in ’n portefeulje van ’n kollektiewe beleggingskema in effekte] aan enige ander maatskappy en na daardie beskikking, tesame met enige ander [bate-vir-aandeel-transaksie] transaksie wat gesluit word— (aa) op dieselfde bedinge as daardie bate-vir-aandeel- transaksie; en (bb) binne ’n tydperk van 90 dae na daardie beskikking, daardie ander maatskappy— (A) minstens 35 persent van die ekwiteitsaandele van daardie genoteerde maatskappy [of portefeulje] hou; of 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 34 Verify source ↗
No. 54448
AI-assisted research summary: This provision sets different commencement dates and application rules for amendments to section 64E.
34 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 34 (B) at least 25 per cent of the equity shares of that listed company [or portfolio] if no person other than that other company holds an equal or greater amount of equity shares in the listed company [or portfolio; or (ii) an asset to a portfolio of a hedge fund collective investment scheme].’’. (2) Subsection (1)(a), (d) and (e), to the extent of the amendment: ‘‘holding less than 20 per cent of the [disposes of an] equity [share] shares in a listed company’’ and ‘‘disposes of an equity share in that company’’, comes into operation on 1 January 2026 and applies in respect of years of assessment commencing on or after that date. (3) Subject to subsection (2), subsection (1) comes into operation on 1 January 2027 and applies in respect of any transactions entered into on or after that date. 5 10 Amendment of section 64E of Act 58 of 1962, as substituted by section 53 of Act 17 of 2009 and amended by section 71 of Act 7 of 2010, section 76 of Act 24 of 2011, section 6 of Act 13 of 2012 and section 83 of Act 22 of 2012 15 - 28 Verify source ↗
Section 64E of the Income Tax Act, 1962, is hereby amended by the substitution
AI-assisted research summary: This section changes the tax rule so that, in certain debt cases linked to shares, the company is treated as having paid a dividend to the relevant person.
28. Section 64E of the Income Tax Act, 1962, is hereby amended by the substitution in subsection (4)(a) for the words after subparagraph (ii)(cc) of the following words: ‘‘in respect of a debt, that company must, for the purposes of this Part, be deemed to have paid a dividend to the person contemplated in subparagraph (i), if that debt arises by virtue of any share held directly or indirectly in that company by a person contemplated in subparagraph (i).’’. Amendment of paragraph 2 of Second Schedule to Act 58 of 1962, as substituted by section 57 of Act 17 of 2009 and amended by section 80 of Act 7 of 2010, section 92 of Act 22 of 2012, section 62 of Act 17 of 2017, section 48 of Act 34 of 2019, section 3 of Act 12 of 2024 and section 2 of Act 44 of 2024 29. (1) Paragraph 2(1)(b) of the Second Schedule to the Income Tax Act, 1962, is hereby amended by the substitution of the words preceding sub-subitem (aa) of subitem (iA) of the following words: ‘‘assigned in terms of a divorce order granted on or after 13 September 2007 under section 7(8)(a) of the Divorce Act, 1979 (Act No. 70 of 1979) or in terms of any order made by a court in respect of the division of assets of a marriage according to the tenets of a religion pursuant to its dissolution, to the extent that the amount so assigned—’’. 20 25 30 (2) Subsection (1) is deemed to have come into operation on 1 September 2024. 35 Amendment of paragraph 6B of Second Schedule to Act 58 of 1962, as inserted by section 4 of Act 12 of 2024 and amended by section 3 of Act 44 of 2024 - 30 Verify source ↗
Paragraph 6B of the Second Schedule to the Income Tax Act, 1962, is hereby
AI-assisted research summary: This provision amends a tax schedule rule and limits when certain subparagraphs apply to transferred amounts.
30. Paragraph 6B of the Second Schedule to the Income Tax Act, 1962, is hereby amended by the substitution for the proviso of the following proviso: ‘‘: Provided that subparagraphs (a), (b) or (c) only applies to an amount transferred on termination of membership in the transferor fund or an amount contemplated in paragraph 2(1)(b)(iA), and only if all the remaining components are transferred to the same transferee fund or if all the components are transferred on an [individual contract policy basis] individual policy contract basis to the same transferee fund.’’. 40 45 Amendment of paragraph 9 of Seventh Schedule to Act 58 of 1962, as amended by section 31 of Act 96 of 1985, section 34 of Act 65 of 1986, section 29 of Act 85 of 1987, section 59 of Act 101 of 1990, section 53 of Act 113 of 1993, section 33 of Act 21 of 1994, section 51 of Act 28 of 1997, section 55 of Act 30 of 1998, section 55 of Act 30 of 2000, section 57 of Act 31 of 2005, section 29 of Act 9 of 2006, section 2 of Act 8 of 2007, section 68 of Act 35 of 2007, sections 1 and 48 of Act 3 of 2008, section 65 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 35 Wet no. 5 van 2026 35 (B) minstens 25 persent van die ekwiteitsaandele van daardie genoteerde maatskappy [of portefeulje] hou indien geen persoon buiten daardie ander maatskappy getal gelyke ekwiteitsaandele in die genoteerde maatskappy [of portefeulje hou nie; of groter of ’n (ii) ’n bate aan ’n portefeulje van ’n daaldekkingsfonds kollektiewe beleggingskema] hou nie.’’. (2) Subartikel (1)(a), (d) en (e), vir sover die wysiging lui: ‘‘minder as 20 persent [’n ekwiteitsaandeel beskik] ekwiteitsaandele hou in ’n genoteerde maatskappy’’ en ‘‘oor ’n ekwiteitsaandeel in daardie maatskappy beskik’’, tree op 1 Januarie 2026 in werking en is van toepassing ten opsigte van jare van aanslag wat op of ná daardie datum begin. (3) Behoudens subartikel (2), tree subartikel (1) op 1 Januarie 2017 in werking en is van toepassing ten opsigte van enige transaksies aangegaan op of ná daardie datum. 5 10 Wysiging van artikel 64E van Wet 58 van 1962, soos vervang deur artikel 53 van Wet 17 van 2009 en gewysig deur artikel 71 van Wet 7 van 2014, artikel 76 van Wet 24 van 2011, artikel 6 van Wet 13 van 2012 en artikel 83 van Wet 22 van 2012 15 - 28 Verify source ↗
Artikel 64E van die Inkomstebelastingwet, 1962, word hierby gewysig deur in
AI-assisted research summary: This provision amends parts of the Income Tax Act and Second Schedule, including wording about deemed dividends and a divorce-related wording change.
28. Artikel 64E van die Inkomstebelastingwet, 1962, word hierby gewysig deur in subartikel (4)(a) die woorde na subparagraaf (ii)(cc) deur die volgende woorde te vervang: ‘‘ten opsigte van ’n skuld, word die maatskappy, by die toepassing van hierdie Deel, geag ’n dividend te betaal het aan die persoon beoog in subparagraaf (i), indien daardie skuld ontstaan uit hoofde van enige aandeel regstreeks of onregstreeks in daardie maatskappy gehou deur ’n persoon in subparagraaf (i) beoog.’’. Wysiging van paragraaf 2 van Tweede Bylae tot Wet 58 van 1962, soos vervang deur artikel 57 van Wet 17 van 2009 en gewysig deur artikel 80 van Wet 7 van 2010, artikel 92 van Wet 22 van 2012, artikel 62 van Wet 17 van 2017, artikel 48 van Wet 34 van 2019, artikel 3 van Wet 12 van 2024 en artikel 2 van Wet 44 van 2024 29. (1) Paragraaf 2(1)(b) van die Tweede Bylae tot die Inkomstebelastingwet, 1962, word hierby gewysig deur die woorde wat sub-subiten (aa) van subitem (iA) voorafgaan deurt die volgende woorde te vervang: ‘‘toegeken ingevolge ’n egskeidingsbevel op of na 13 September 2007 kragtens artikel 7(8)(a) van die Wet op Egskeiding, 1979 (Wet No. 70 van 1979) of ingevolge enige bevel deur ’n hof ten opsigte van die verdeling van huweliksbates volgens die leerstellings van ’n godsdiens ingevolge die ontbinding daarvan, toegestaan namate—’’. (2) Subartikel (1) word geag op 1 September 2024 in werking te getree het. 20 25 30 35 Wysiging van paragraaf 6B van Tweede Bylae tot Wet 58 van 1962, soos ingevoeg deur artikel 4 van Wet 12 van 2024 en gewysig deur artikel 3 van Wet 44 van 2024 40 - 30 Verify source ↗
Paragraaf 6B van die Tweede Bylae tot die Inkomstebelastingwet, 1962, word
AI-assisted research summary: This section amends paragraph 6B so that subparagraphs (a), (b), and (c) apply only in the specified transfer cases.
30. Paragraaf 6B van die Tweede Bylae tot die Inkomstebelastingwet, 1962, word hierby gewysig deur die voorbehoudsbepaling deur die volgende voorbehoudsbepaling te vervang: ‘‘: Met dien verstande dat subparagraaf (a), (b) of (c) slegs van toepassing is op ’n bedrag oorgeplaas by beëindiging van lidmaatskap in die oordraggewende fonds of ’n bedrag beoog in subparagraaf (2)(1)(b)(iA) en slegs indien al die oorblywende komponente na dieselfde oordragnemende fonds oorgeplaas word of indien al die komponente op die basis van ’n [individuele kontrakpolis] individuele polis- kontrak na dieselfe oordragnemende fonds oorgeplaas word.’’. Wysiging van paragraaf 9 van Sewende Bylae tot Wet 58 van 1962, soos gewysig deur artikel 31 van Wet 96 van 1985, artikel 34 van Wet 65 van 1986, artikel 29 van Wet 85 van 1987, artikel 59 van Wet 101 van 1990, artikel 53 van Wet 113 van 1993, artikel 33 van Wet 21 van 1994, artikel 51 van Wet 28 van 1997, artikel 55 van Wet 30 van 1998, artikel 55 van Wet 30 van 2000, artikel 57 van Wet 31 van 2005, artikel 29 van Wet 9 van 2006, artikel 2 van Wet 8 van 2007, artikel 68 van Wet 35 van 2007, artikels 1 en 48 van Wet 3 van 2008, artikel 65 van Wet 17 van 2009, artikel 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 36 Verify source ↗
No. 54448
AI-assisted research summary: This text is a header/citation line for section 36 of the Taxation Laws Amendment Act, 2026.
36 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 36 of Act 17 of 2009, section 104 of Act 24 of 2011, section 7 of Act 13 of 2012, section 121 of Act 31 of 2013, section 97 of Act 25 of 2015 and section 68 of Act 15 of 2016 - 31 Verify source ↗
Paragraph 9 of the Seventh Schedule to the Income Tax Act, 1962, is hereby
AI-assisted research summary: This provision amends the tax rule for valuing a taxable benefit from residential accommodation.
31. Paragraph 9 of the Seventh Schedule to the Income Tax Act, 1962, is hereby amended by the substitution for subparagraph (2) of the following subparagraph: ‘‘(2) The cash equivalent of the value of the taxable benefit derived from the occupation of residential accommodation as contemplated in paragraph 2(d) shall be the rental value of such accommodation (as determined under subparagraph (3), (3C), (4) or (5) of this paragraph in respect of the year of assessment) less any rental consideration given by the employee for such accommodation in respect of such year[. Any], any rental consideration given by him or her in respect of household goods supplied with such accommodation and any charge made to the employee by the employer in respect of power or fuel provided with the accommodation.’’. Amendment of paragraph 5 of Eighth Schedule to Act 58 of 1962, as amended by section 32 of Act 9 of 2006, section 2 of Act 8 of 2007, section 1 of Act 3 of 2008, section 67 of Act 17 of 2009, section 107 of Act 24 of 2011, section 8 of Act 13 of 2012, section 11 of Act 13 of 2016, section 75 of Act 23 of 2018, section 22 of Act 20 of 2022 and section 34 of Act 42 of 2024 - 32 Verify source ↗
Paragraph 5 of the Eighth Schedule to the Income Tax Act, 1962, is hereby
AI-assisted research summary: This provision changes two tax rules: it caps certain annual exclusions at R40 000 when a year of assessment is shorter than 12 months, and it requires some collective investment scheme holders to work out capital gains or losses only when the interest is disposed of.
32. Paragraph 5 of the Eighth Schedule to the Income Tax Act, 1962, is hereby amended by the substitution in subparagraph (1) for the proviso of the following proviso: ‘‘Provided that where any person’s year of assessment is less than a period of 12 months, the sum of the annual exclusions for years of [assessments] assessment ending during the period of 12 months commencing on 1 March and ending on the last day of February of the immediately following calendar year must per year of assessment and in aggregate not exceed R40 000.’’. 5 10 15 20 25 Amendment of paragraph 61 of Eighth Schedule to Act 58 of 1962, as amended by section 102 of Act 60 of 2001, section 90 of Act 74 of 2002, section 75 of Act 17 of 2009, section 106 of Act 7 of 2010, section 120 of Act 22 of 2012 and section 141 of Act 31 of 2013 33. (1) Paragraph 61 of the Eighth Schedule to the Income Tax Act, 1962, is hereby 30 amended by the substitution for subparagraph (1) of the following subparagraph: ‘‘(1) [A] Subject to paragraph 82A, a holder of a participatory interest in a portfolio of a collective investment scheme, other than a portfolio of a collective investment scheme in property, must determine a capital gain or capital loss in respect of the participatory interest only upon the disposal of that participatory interest.’’. (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect 35 of disposals made on or after that date. Insertion of paragraph 82A in Eighth Schedule to Act 58 of 1962 34. (1) The following paragraph is hereby inserted after paragraph 82 in the Eighth 40 Schedule to the Income Tax Act, 1962: ‘‘Capital distributions by collective investment schemes
Part
Schedule to the Income Tax Act, 1962:
- 82A Verify source ↗
The distribution of any amount by a portfolio of a collective
AI-assisted research summary: Some distributions by a collective investment scheme portfolio are treated as capital gains for the holder, except gross income distributions to participatory interest holders.
82A. The distribution of any amount by a portfolio of a collective investment scheme, other than the distribution of an amount of gross income to a holder of a participatory interest in that portfolio, is treated as a capital gain for that holder of a participatory interest for the year of assessment in which that distribution accrues to that holder.’’. (2) Subsection (1) comes into operation on 1 March 2026 and applies in respect of 45 distributions made on or after that date. This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 37 Wet no. 5 van 2026 37 104 van Wet 24 van 2011, artikel 7 van Wet 13 van 2012, artikel 121 van Wet 31 van 2013, artikel 97 van Wet 25 van 2015 en artikel 68 van Wet 15 van 2016 - 31 Verify source ↗
Paragraaf 9 van die Sewende Bylae tot die Inkomstebelastingwet, 1962, word
AI-assisted research summary: This provision replaces the rule for calculating the cash equivalent of a taxable housing benefit.
31. Paragraaf 9 van die Sewende Bylae tot die Inkomstebelastingwet, 1962, word hierby gewysig deur subparagraaf (2) deur die volgende subparagraaf te vervang: ‘‘(2) Die kontantekwivalent van die waarde van die belasbare voordeel verkry uit die bewoning van huisvesting soos in paragraaf 2(d) beoog, is die huurwaarde van bedoelde huisvesting (soos ingevolge subparagraaf (3), (3C), (4), of (5) van hierdie paragraaf vasgestel ten opsigte van die jaar van aanslag) min enige huurvergoeding deur die werknemer vir bedoelde huisvesting ten opsigte van bedoelde jaar gegee, enige huurvergoeding deur hom of haar gegee ten opsigte van huishoudelike goed wat saam met bedoelde huisvesting verskaf word en enige vordering teen die werknemer deur die werkgewer gemaak ten opsigte van krag of brandstof wat saam met die huisvesting verskaf word.’’. Wysiging van paragraaf 5 van Agtste Bylae tot Wet 58 van 1962, soos gewysig deur artikel 32 van Wet 9 van 2006, artikel 2 van Wet 8 van 2007, artikel 1 van Wet 3 van 2008, artikel 67 van Wet 17 van 2009, artikel 107 van Wet 24 van 2011, artikel 8 van Wet 13 van 2012, artikel 11 van Wet 13 van 2016, artikel 75 van Wet 23 van 2018, artikel 22 van Wet 20 van 2022 en artikel 34 van Wet 42 van 2024 - 32 Verify source ↗
Paragraaf 5 van die Agtste Bylae tot die Inkomstebelastingwet, 1962, word hierby
AI-assisted research summary: A holder of a participating interest in a collective investment scheme portfolio (other than a property portfolio) may determine capital gain or loss only when that interest is disposed of. A separate rule caps annual exclusions at R40,000 where a year of assessment is under 12 months.
32. Paragraaf 5 van die Agtste Bylae tot die Inkomstebelastingwet, 1962, word hierby (1) die voorbehoudsbepaling deur die volgende gewysig deur in subparagraaf voorbehoudsbepaling te vervang: ‘‘Met dien verstande dat waar enige persoon se jaar van aanslag ’n tydperk van minder as 12 maande is, die som van die jaarlikse uitsluitings vir jare van aanslag wat eindig tydens die tydperk van 12 maande wat op 1 Maart begin en op die laaste dag van Februarie van die daaropvolgende kalenderjaar eindig, per jaar van aanslag en in totaal nie meer as R40 000 moet wees nie.’’. Wysiging van paragraaf 61 van Agtste Bylae tot Wet 58 van 1962, soos gewysig deur artikel 102 van Wet 60 van 2001, artikel 90 van Wet 74 van 2002, artikel 75 van Wet 17 van 2009, artikel 106 van Wet 7 van 2020, artikel 120 van Wet 22 van 2012 en artikel 141 van Wet 31 van 2013 33. (1) Paragraaf 61 van die Agtste Bylae tot die Inkomstebelastingwet, 1962, word hierby gewysig deur subparagraaf (1) deur die volgende subparagraaf te vervang: ‘‘(1) [’n Houer] Behoudens paragraaf 82A, moet ’n houer van ’n deelnemende belang in ’n portefeulje van ’n kollektiewe beleggingskema, buiten ’n portefeulje van ’n kollektiewe beleggingskema in eiendom, [moet] enige kapitaalwins of kapitaalverlies ten opsigte van die deelnemende belang slegs by beskikking oor daardie deelnemende belang bepaal.’’. (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten opsigte van beskikkings op of ná daardie datum gemaak. Invoeging van paragraaf 82A in die Agtste Bylae tot Wet 58 van 1962 34. (1) Die volgende paragraaf word hierby na paragraaf 82 in die Agtste Bylae tot die Inkomstebelastingwet, 1962, ingevoeg: ‘‘Kapitaaluitkering deur kollektiewe beleggingskemas - 82A Verify source ↗
Die uitkering van enige bedrag deur ’n portefeulje van ’n
AI-assisted research summary: A distribution by a portfolio of a collective investment scheme is treated as a capital gain for the holder of a participating interest, except where the distribution is of gross income to that holder.
82A. Die uitkering van enige bedrag deur ’n portefeulje van ’n kollektiewe beleggingskema, anders as die uitkering van ’n bedrag van bruto inkomste aan ’n houer van ’n deelnemende belang in daardie portefeulje, word as ’n kapitaalwins vir die houer van ’n deelnemende belang vir die jaar van aanslag behandel waarin daardie uitkering aan die houer toeval.’’. 5 10 15 20 25 30 35 40 45 (2) Subartikel (1) tree op 1 Maart 2026 in werking en is van toepassing ten opsigte van 50 uitkerings op of ná daardie datum gemaak. This gazette is also available free online at www.gpwonline.co.za - 38 Verify source ↗
No. 54448
AI-assisted research summary: This provision changes Item 7 of the Eleventh Schedule to the Income Tax Act so that it refers to Global Business Services received or accrued from the Department of Trade, Industry and Competition.
38 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 38 Amendment of Eleventh Schedule to Act 58 of 1962, as added by section 140 of Act 22 of 2012, amended by section 161 of Act 31 of 2013 and substituted by section 125 of Act 25 of 2015, section 56 of Act 23 of 2020, section 47 of Act 20 of 2021, section 23 of Act 20 of 2022 and section 39 of Act of 42 of 2024 35. (1) The Eleventh Schedule to the Income Tax Act, 1962, is hereby amended by the 5 substitution for Item 7 of the following Item: ‘‘7. [Business Process Services] Global Business Services received or accrued from the Department of Trade, Industry and Competition;’’. (2) Subsection (1) is, in respect of any grant, deemed to have come into operation on the date on which that grant was awarded to the recipient thereof and applies in respect of any amount received or accrued in respect of that grant on or after that date. 10 Continuation of certain amendments of Schedules to Act 91 of 1964 and Act 89 of 1991 - 36 Verify source ↗
Every amendment or repeal of or insertion in Schedules No. 1 to 6, 8 and 10 to the
AI-assisted research summary: Specified amendments, repeals, and insertions made during 1 November 2024 to 31 October 2025 do not lapse under the cited lapse provisions.
36. Every amendment or repeal of or insertion in Schedules No. 1 to 6, 8 and 10 to the Customs and Excise Act, 1964, made under section 48, 49, 56, 56A, 57, 60 or 75(15) of that Act during the period from and including 1 November 2024 up to and including 31 October 2025, shall not lapse by virtue of section 48(6), 49(5A), 56(3), 56A(3), 57(3), 60(4) or 75(16) of that Act and in Schedule No.1 to the Value-Added Tax Act, 1991, made under section 74(3)(a) of that Act during the period from and including 1 November 2024 up to and including 31 October 2025, shall not lapse by virtue of section 74(3)(b) of that Act. Amendment of section 1 of Act 89 of 1991, as amended by section 21 of Act 136 of 1991, paragraph 1 of Government Notice 2695 of 8 November 1991, section 12 of Act 136 of 1992, section 1 of Act 61 of 1993, section 22 of Act 97 of 1993, section 9 of Act 20 of 1994, section 18 of Act 37 of 1996, section 23 of Act 27 of 1997, section 34 of Act 34 of 1997, section 81 of Act 53 of 1999, section 76 of Act 30 of 2000, section 64 of Act 59 of 2000, section 65 of Act 19 of 2001, section 148 of Act 60 of 2001, section 114 of Act 74 of 2002, section 47 of Act 12 of 2003, section 164 of Act 45 of 2003, section 43 of Act 16 of 2004, section 92 of Act 32 of 2004, section 8 of Act 10 of 2005, section 101 of Act 31 of 2005, section 40 of Act 9 of 2006, section 77 of Act 20 of 2006, sections 81 and 108 of Act 8 of 2007, section 104 of Act 35 of 2007, section 68 of Act 3 of 2008, section 104 of Act 60 of 2008, section 33 of Act 18 of 2009, section 119 of Act 7 of 2010, section 26 of Act 8 of 2010, section 129 of Act 24 of 2011, section 271 of Act 28 of 2011, read with item 108 of Schedule 1 to that Act, section 145 of Act 22 of 2012, section 165 of Act 31 of 2013, section 95 of Act 43 of 2014, section 128 of Act 25 of 2015, section 83 of Act 15 of 2016, section 77 of Act 17 of 2017, section 89 of Act 28 of 2018, section 66 of Act 34 of 2019, section 61 of Act 23 of 2020, section 27 of Act 20 of 2022, section 46 of Act 17 of 2023 and section 45 of Act 42 of 2024 37. (1) Section 1(1) of the Value-Added Tax Act, 1991 (Act No. 89 of 1991), is hereby amended— (a) by the substitution in subsection (1) for the definition of ‘‘insurance’’ of the following definition: ‘‘ ‘insurance’ means insurance or guarantee against loss, damage, injury or risk of any kind whatever, whether pursuant to any contract or law, and includes reinsurance; and ‘contract of insurance’ includes a policy of insurance, an insurance cover, and a renewal of a contract of insurance: Provided that a premium is paid in respect of such insurance, guarantee or reinsurance: Provided further that nothing in this definition shall apply to any insurance specified in section 2;’’; and 15 20 25 30 35 40 45 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 39 Wet no. 5 van 2026 39 Wysiging van die Elfde Bylae tot Wet 58 van 1962, soos ingevoeg deur artikel 140 van Wet 22 van 2012, gewysig deur artikel 161 van Wet 31 van 2013 en vervang deur artikel 125 van Wet 25 van 2015, artikel 56 van Wet 23 van 2020, artikel 47 van Wet 20 van 2021, artikel 23 van Wet 20 van 2022 en artikel 39 van Wet 42 van 2024 35. (1) Die Elfde Bylae tot die Inkomstebelastingwet, 1962, word hierby gewysig deur item 7 deur die volgende item te vervang: ‘‘7. [(Business Process Services)] ‘Global Business Services’ ontvang of toegeval van die Departement van Handel, Nywerheid en Mededinging;’’. (2) Subartikel (1) word, ten opsigte van enige toelaag, geag in werking te getree het op die datum waarop daardie toelaag aan die ontvanger daarvan toegeken en is van toepassing ten opsigte van enige bedrag ten opsigte van daardie toelaag op of ná daardie datum ontvang of toegeval. 5 10 Voortsetting van sekere wysigings van Bylaes tot Wet 91 van 1964 en Wet 89 van 1991 15 - 36 Verify source ↗
Elke wysiging of herroeping of invoeging in Bylaes No. 1 tot 6, 8 en 10 tot die
AI-assisted research summary: Certain amendments, repeals, and insertions in listed customs and VAT schedules made during 1 Nov 2024 to 31 Oct 2025 are protected from expiring under the referenced expiry provisions.
36. Elke wysiging of herroeping of invoeging in Bylaes No. 1 tot 6, 8 en 10 tot die Doeane- en Aksynswet, 1964, gemaak kragtens artikel 48, 49, 56, 56A, 60 of 75(15) van daardie Wet tydens die tydperk vanaf en insluitend 1 November 2024 tot en met 31 Oktober 2025, sal nie uit hoofde van artikel 48(6), 49(5A), 56(3), 56A(3), 57(3), 60(4) of 75(16) van daardie Wet verstryk nie en in Bylae No.1 tot die Wet op Belasting op Toegevoegde Waarde, 1991, gemaak kragtens artikel 74(3)(a) van daardie Wet tydens die tydperk vanaf en insluitend 1 November 2024 tot en met 31 Oktober 2025, sal nie uit hoofde van artikel 74(3)(b) van daardie Wet verstryk nie. Wysiging van artikel 1 van Wet 89 van 1991, soos gewysig deur artikel 21 van Wet 136 van 1991, paragraaf 1 van Goewermentskennisgewing 2695 van 8 November 1991, artikel 12 van Wet 136 van 1992, artikel 1 van Wet 61 van 1993, artikel 22 van Wet 97 van 1993, artikel 9 van Wet 20 van 1994, artikel 18 van Wet 37 van 1996, artikel 23 van Wet 27 van 1997, artikel 34 van Wet 34 van 1997, artikel 81 van Wet 53 van 1999, artikel 76 van Wet 30 van 2000, artikel 64 van Wet 59 van 2000, artikel 65 van Wet 19 van 2001, artikel 148 van Wet 60 van 2001, artikel 114 van Wet 74 van 2002, artikel 47 van Wet 12 van 2003, artikel 164 van Wet 45 van 2003, artikel 43 van Wet 16 van 2004, artikel 92 van Wet 32 van 2004, artikel 8 van Wet 10 van 2005, artikel 101 van Wet 31 van 2005, artikel 40 van Wet 9 van 2006, artikel 77 van Wet 20 van 2006, artikels 81 en 108 van Wet 8 van 2007, artikel 104 van Wet 35 van 2007, artikel 68 van Wet 3 van 2008, artikel 104 van Wet 60 van 2008, artikel 33 van Wet 18 van 2009, artikel 119 van Wet 7 van 2010, artikel 26 van Wet 8 van 2010, artikel 129 van Wet 24 van 2011, artikel 271 van Wet 28 van 2011, gelees met item 108 van Bylae 1 tot daadie Wet, artikel 145 van Wet 22 van 2012, artikel 165 van Wet 31 van 2013, artikel 95 van Wet 43 van 2014, artikel 128 van Wet 25 van 2015, artikel 83 van Wet 15 van 2016, artikel 77 van Wet 17 van 2017, artikel 89 van Wet 28 van 2018, artikel 66 van Wet 34 van 2019, artikel 61 van Wet 23 van 2020, artikel 27 van Wet 20 van 2022, artikel 46 van Wet 17 van 2023 en artikel 45 van Wet 42 van 2024 37. (1) Artikel 1(1) van die Wet op Belasting op Toegevoegde Waarde, 1991 (Wet No. 89 van 1991), word hierby gewysig— (a) in subartikel (1) deur die omskrywing van ‘‘versekering’’ deur die volgende omskrywing te vervang: ‘‘ ‘versekering’ versekering of waarborg teen verlies, skade, besering of risiko van enige soort hoegenaamd, hetsy ingevolge ’n kontrak of wet, met inbegrip van herversekering; en by ‘versekeringskontrak’ word ingesluit ’n versekeringspolis, ’n versekeringsdekking en ’n hernuwing van ’n versekeringskontrak: Met dien verstande dat ’n premie ten opsigte van sodanige versekering, waarborg of herversekering betaal word: Met dien verstande voorts dat niks in hierdie omskrywing van toepassing is nie op enige versekering vermeld in artikel 2;’’; en 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 40 Verify source ↗
No. 54448
AI-assisted research summary: This section changes VAT rules for certain deemed supplies, airtime vouchers, and the meaning of “premium”, and sets commencement dates for the amendments.
40 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 40 (b) by the insertion in subsection (1) after the definition of ‘‘precious metals’’ of the following definition: ‘‘‘premium’ means any direct consideration given or to be given, whether partially or fully subsidised, in return for an undertaking to meet insurance liabilities under a ‘contract of insurance’;’’. 5 (2) Subsection (1) comes into operation on 1 April 2026. Amendment of section 8 of Act 89 of 1991, as amended by section 24 of Act 136 of 1991, paragraph 4 of Government Notice 2695 of 8 November 1991, section 15 of Act 136 of 1992, section 24 of Act 97 of 1993, section 11 of Act 20 of 1994, section 20 of Act 46 of 1996, section 25 of Act 27 of 1997, section 83 of Act 53 of 1999, section 67 of Act 19 of 2001, section 151 of Act 60 of 2001, section 166 of Act 45 of 2003, section 95 of Act 32 of 2004, section 102 of Act 31 of 2005, section 172 of Act 34 of 2005, section 42 of Act 9 of 2006, section 79 of Act 20 of 2006, section 27 of Act 36 of 2007, section 106 of Act 60 of 2008, section 91 of Act 17 of 2009, section 120 of Act 7 of 2010, section 131 of Act 24 of 2011, section 146 of Act 22 of 2012, section 166 of Act 31 of 2013, section 21 of Act 44 of 2014, section 129 of Act 25 of 2015, section 24 of Act 16 of 2016, section 78 of Act 17 of 2017, section 10 of Act 21 of 2018, section 68 of Act 34 of 2019, section 62 of Act 23 of 2020, section 48 of Act 17 of 2023 and section 46 of Act 42 of 2024 38. (1) Section 8 of the Value-Added Tax Act, 1991, is hereby amended— (a) by the addition after subsection (2G) of the following subsection: ‘‘(2H) Subject to section 24(3), where a supply is deemed to have been made by a vendor in terms of subsection (2) and that vendor ceases to be a vendor on 1 January 2026 for the sole reason of the exemption contemplated in section 12(h)(ii), the tax payable in respect of the deemed supply shall be paid in 12 equal monthly instalments or in so many monthly instalments as the Commissioner may allow, com- mencing 1 January 2027.’’; (b) by the substitution for subsection (23) of the following subsection: ‘‘(23) For the purposes of this Act, a vendor shall be deemed to supply services to any public authority or municipality to the extent of any payment made [to or on behalf of that vendor in terms of a national housing programme contemplated] in terms of the Housing Subsidy Scheme referred to in section 3(5)(a) of the Housing Act, 1997 (Act No. 107 of 1997), to or on behalf of that vendor in respect of the taxable supply of goods and services by the vendor.’’; and (c) by the addition after subsection (30) of the following subsection: ‘‘(31) For the purposes of this Act, where a registered vendor supplies an airtime voucher that can only be used to obtain telecommunications services outside the Republic as provided by an International Telecom- munications Service Provider that is not a resident of the Republic and not a vendor, to any person in the Republic, such supply shall, notwithstanding section 10(18) or 10(19), be disregarded for the purposes of this Act: Provided that any amount retained by such vendor is deemed to be consideration contemplated in section 10(30) in respect of a supply of distribution services.’’. (2) Paragraph (a) of subsection (1) comes into operation on 1 January 2026. (3) Paragraphs (b) and (c) of subsection (1) come into operation on 1 April 2026. Amendment of section 9 of Act 89 of 1991, as amended by section 25 of Act 136 of 1991, section 25 of Act 97 of 1993, section 21 of Act 46 of 1996, section 26 of Act 27 of 1997, section 167 of Act 45 of 2003, section 96 of Act 32 of 2004, section 103 of Act 31 of 2005, section 172 of Act 34 of 2005, section 28 of Act 36 of 2007, section 27 of Act 8 of 2010, section 167 of Act 39 of 2013, section 130 of Act 25 of 2015, section 79 of Act 17 of 2017, section 50 of Act 20 of 2021 and section 28 of Act 20 of 2022 10 15 20 25 30 35 40 45 50 39. (1) Section 9 of the Value-Added Tax Act, 1991, is hereby amended by the 55 addition after subsection (13) of the following subsection: This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 41 Wet no. 5 van 2026 41 (b) deur in subartikel (1) die volgende omskrywing na die omskrywing van ‘‘persoon’’ in te voeg: ‘‘ ‘premie’ enige direkte teenprestasie gegee of wat gegee gaan word, óf gedeeltelik óf ten volle gesubsidieer in ruil vir ’n onderneming om aan versekeringsverpligtinge onder ’n ‘versekeringskontrak’ te voldoen;’’. 5 (2) Subartikel (1) tree in werking op 1 April 2026 Wysiging van artikel 8 van Wet 89 van 1991, soos gewysig deur artikel 24 van Wet 136 van 1991, paragraaf 4 van Goewermentskennisgewing 2695 van 8 November 1991, artikel 15 van Wet 136 van 1992, artikel 24 van Wet 97 van 1993, artikel 11 van Wet 20 van 1994, artikel 20 van Wet 46 van 1996, artikel 25 van Wet 27 van 1997, artikel 83 van Wet 53 van 1999, artikel 67 van Wet 19 van 2001, artikel 151 van Wet 60 van 2001, artikel 166 van Wet 45 van 2003, artikel 95 van Wet 32 van 2004, artikel 102 van Wet 31 van 2005, artikel 172 van Wet 34 van 2005, artikel 42 van Wet 9 van 2006, artikel 79 van Wet 20 van 2006, artikel 27 van Wet 36 van 2007, artikel 106 van Wet 60 van 2008, artikel 91 van Wet 17 van 2009, artikel 120 van Wet 7 van 2010, artikel 131 van Wet 24 van 2011, artikel 146 van Wet 22 van 2012, artikel 166 van Wet 31 van 2013, artikel 21 van Wet 44 van 2014, artikel 129 van Wet 25 van 2015, artikel 24 van Wet 16 van 2016, artikel 78 van Wet 17 van 2017, artikel 10 van Wet 21 van 2018, artikel 68 van Wet 34 van 2019, artikel 62 van Wet 23 van 2020 en artikel 48 van Wet 17 van 2023 en artikel 46 van Wet 42 van 2024 38. (1) Artikel 8 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig— (a) deur die volgende subartikels na subartikel (2G) in te voeg: (2) deur ‘‘(2H) Behoudens artikel 24(3), waar ’n lewering geag word ingevolge ’n ondernemer gemaak te wees en daardie subartikel ondernemer op 1 Januarie 2026 ophou om ’n ondernemer te wees slegs as gevolg van die vrystelling beoog in artikel 12(h)(ii), word die belasting betaalbaar ten opsigte van geagte lewering in 12 gelyke maandelikse paaiemente betaal of in soveel maandelikse paaiemente soos die Kommissaris toelaat, betaalbaar, met ingang van 1 Januarie 2027.’’; (b) deur subartikel (23) deur die volgende subartikel te vervang: ‘‘(23) By die toepassing van hierdie Wet, sal ’n ondernemer geag word dienste te lewer aan ’n openbare bestuur of munisipaliteit tot die mate ten behoewe van daardie wat enige betaling gemaak [aan of ondernemer ingevolge] ingevolge die Behuisingsubsidieskema bedoel in artikel 3(5)(a) van die Behuisingswet, 1997 (Wet No. 107 van 1997), aan of ten behoewe van daardie ondernemer ten opsigte van belasbare lewering van goedere en dienste deur die ondernemer.’’; en (c) deur die volgende subartikels na subartikel (30) by te voeg: ‘‘(31) By die toepassing van hierdie Wet, waar ’n geregistreerde ondernemer ’n lugtydkoopbewys lewer wat slegs gebruik kan word om telekommunikasiedienste buite die Republiek te verkry soos voorsien deur ’n Internasionale Telekommunikasie Diensverskaffer, wat nie ’n inwoner van die Republiek is nie en nie ’n ondernemer is nie, aan enige persoon in die Republiek, word sodanige lewering, ondanks artikel 10(18) of 10(19), vir die doeleindes van hierdie Wet verontagsaam: Met dien verstande dat enige bedrag behou deur sodanige ondernemer geag word ’n teenprestasie beoog in artikel 10(30) te wees ten opsigte van ’n lewering van verspreidingsdienste.’’. (2) Paragraaf (a) van subartikel (1) tree op 1 Januarie 2026 in werking. (3) Paragrawe (b) en (c) van subartikel (1) tree op 1 April 2026 in werking. Wysiging van artikel 9 van Wet 89 van 1991, soos gewysig deur artikel 25 van Wet 136 van 1991, artikel 25 van Wet 97 van 1993, artikel 21 van Wet 46 van 1996, artikel 26 van Wet 27 van 1997, artikel 167 van Wet 45 van 2003, artikel 96 van Wet 32 van 2004, artikel 103 van Wet 31 van 2005, artikel 172 van Wet 34 van 2005, artikel 28 van Wet 36 van 2007, artikel 27 van Wet 8 van 2010, artikel 167 van Wet 39 van 2013, artikel 130 van Wet 25 van 2015, artikel 79 van Wet 17 van 2017, artikel 50 van Wet 20 van 2021 en artikel 28 van Wet 20 van 2022 10 15 20 25 30 35 40 45 50 55 39. (1) Artikel 9 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby 60 gewysig deur die volgende subartikel na subartikel (13) in te voeg: This gazette is also available free online at www.gpwonline.co.za - 42 Verify source ↗
No. 54448
AI-assisted research summary: This provision changes VAT rules for when a deemed supply happens, how the value of airtime voucher supplies is calculated, and when certain testing services and related consumable goods are excluded.
42 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 42 ‘‘(14) The supply of goods or services, which is deemed to be made by any vendor as contemplated in section 8(2E) or 8(2H), shall be deemed to take place when and to the extent that any payment in terms of the agreement or regulation, as contemplated in section 8(2E) or 8(2H), is due, prescribed or is received, whichever is the earliest.’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of section 10 of Act 89 of 1991, as amended by section 26 of Act 136 of 1991, paragraph 5 of Government Notice 2695 of 8 November 1991, section 16 of Act 136 of 1992, section 26 of Act 97 of 1993, section 12 of Act 20 of 1994, section 21 of Act 37 of 1996, section 22 of Act 46 of 1996, section 27 of Act 27 of 1997, section 84 of Act 53 of 1999, section 68 of Act 19 of 2001, section 152 of Act 60 of 2001, section 168 of Act 45 of 2003, section 97 of Act 32 of 2004, section 104 of Act 31 of 2005, section 43 of Act 9 of 2006, section 80 of Act 20 of 2006, section 82 of Act 8 of 2007, section 107 of Act 60 of 2008, section 122 of Act 7 of 2010, section 133 of Act 24 of 2011, section 168 of Act 39 of 2013, section 131 of Act 25 of 2015, section 80 of Act 17 of 2017, section 63 of Act 23 of 2020, section 51 of Act 20 of 2021 and section 49 of Act 17 of 2023 40. (1) Section 10 of the Value-Added Tax Act, 1991, is hereby amended by the addition after subsection (29) of the following subsection: ‘‘(30) Where services are deemed to be supplied by a vendor in terms of section 8(31), the value of the supply shall be deemed to be made for a consideration in money equal to the difference between the purchase price and selling price of the airtime voucher.’’. (2) Subsection (1) comes into operation on 1 April 2026. Amendment of section 11 of Act 89 of 1991, as amended by section 27 of Act 136 of 1991, Government Notice 2695 of 8 November 1991, section 17 of Act 136 of 1992, section 27 of Act 97 of 1993, section 13 of Act 20 of 1994, section 28 of Act 27 of 1997, section 89 of Act 30 of 1998, section 85 of Act 53 of 1999, section 77 of Act 30 of 2000, section 43 of Act 5 of 2001, section 153 of Act 60 of 2001, section 169 of Act 45 of 2003, section 46 of Act 16 of 2004, section 98 of Act 32 of 2004, section 21 of Act 9 of 2005, section 105 of Act 31 of 2005, section 44 of Act 9 of 2006, section 81 of Act 20 of 2006, section 105 of Act 35 of 2007, section 29 of Act 36 of 2007, Government Notice R.1024 in Government Gazette No. 32664 of 30 October 2009, section 134 of Act 24 of 2011, section 169 of Act 31 of 2013, section 96 of Act 43 of 2014, section 132 of Act 25 of 2015, section 81 of Act 17 of 2017, section 54 of Act 34 of 2019, section 64 of Act 23 of 2020, section 52 of Act 20 of 2021 and section 48 of Act 42 of 2024 41. (1) Section 11 of the Value-Added Tax Act, 1991, is hereby amended— (a) by the addition in subsection (1) after paragraph (w) of the following paragraph: ‘‘(x) the goods have been supplied in the course of supplying testing services referred to in section 11(2)(z) and the goods supplied, being consumable goods— (i) become unusable or have no commercial value as a direct result of being used in the supply of those testing services; and are necessary for the supply of the testing services;’’; (ii) (b) by the addition in subsection (2) after paragraph (y) of the following paragraphs: ‘‘(z) the services comprise of testing services supplied to a person who is not a resident of the Republic and that is not a vendor, not being testing services that are supplied directly— (i) in connection with moveable property situated in the Republic at the time the services are rendered, except moveable property that is— 5 10 15 20 25 30 35 40 45 50 (aa) referred to in section 11(1)(x); or (bb) exported to the said person subsequent to the supply 55 of such services; This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 43 Wet no. 5 van 2026 43 ‘‘(14) Die lewering van goedere of dienste, wat geag word om deur enige ondernemer gemaak te wees, soos beoog in artikel 8(2E) of 8(2H), sal geag word plaas te vind wanneer en tot die mate wat enige betaling ingevolge die ooreenkoms of regulasie, soos beoog in artikel 8(2E) of 8(2H), verskuldig is, verjaar het of ontvang word, watter ook al die vroegste is.’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. Wysiging van artikel 10 van Wet 89 van 1991, soos gewysig deur artikel 26 van Wet 136 van 1991, paragraaf 5 van Goewermentskennisgewing 2695 van 8 November 1991, artikel 16 van Wet 136 van 1992, artikel 26 van Wet 97 van 1993, artikel 12 van Wet 20 van 1994, artikel 21 van Wet 37 van 1996, artikel 22 van Wet 46 van 1996, artikel 27 van Wet 27 van 1997, artikel 84 van Wet 53 van 1999, artikel 68 van Wet 19 van 2001, artikel 152 van Wet 60 van 2001, artikel 168 van Wet 45 van 2003, artikel 97 van Wet 32 van 2004, artikel 104 van Wet 31 van 2005, artikel 43 van Wet 9 van 2006, artikel 80 van Wet 20 van 2006, artikel 82 van Wet 8 van 2007, artikel 107 van Wet 60 van 2008, artikel 122 van Wet 7 van 2010, artikel 133 van Wet 24 van 2011, artikel 168 van Wet 39 van 2013, artikel 131 van Wet 25 van 2015, artikel 80 van Wet 17 van 2017, artikel 63 van Wet 23 van 2020, artikel 51 van Wet 20 van 2021 en artikel 49 van Wet 17 van 2023 40. (1) Artikel 10 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig deur die volgende subartikel na subartikel (29) by te voeg: ‘‘(30) Waar dienste geag word deur ’n ondernemer ingevolge artikel 8(31) gelewer te wees, word die waarde van die lewering geag gemaak te wees vir ’n teenprestasie in geld gelyk aan die verskil tussen die aankoopprys en die verkoopsprys van die lugtydkoopbewys.’’. (2) Subartikel (1) tree op 1 April 2026 in werking. Wysiging van artikel 11 van Wet 89 van 1991, soos gewysig deur artikel 27 van Wet 136 van 1991, Goewermentskennisgewing 2695 van 8 November 1991, artikel 17 van Wet 136 van 1992, artikel 27 van Wet 97 van 1993, artikel 13 van Wet 20 van 1994, artikel 28 van Wet 27 van 1997, artikel 89 van Wet 30 van 1998, artikel 85 van Wet 53 van 1999, artikel 77 van Wet 30 van 2000, artikel 43 van Wet 5 van 2001, artikel 153 van Wet 60 van 2001, artikel 169 van Wet 45 van 2003, artikel 46 van Wet 16 van 2004, artikel 98 van Wet 32 van 2004, artikel 21 van Wet 9 van 2005, artikel 105 van Wet 31 van 2005, artikel 44 van Wet 9 van 2006, artikel 81 van Wet 20 van 2006, artikel 105 van Wet 35 van 2007, artikel 29 van Wet 36 van 2007, Goewermentskennisgewing R.1024 in Staatskoerant No. 32664 van 30 Oktober 2009, artikel 134 van Wet 24 van 2011, artikel 169 van Wet 31 van 2013, artikel 96 van Wet 43 van 2014, artikel 132 van Wet 25 van 2015, artikel 81 van Wet 17 van 2017, artikel 54 van Wet 34 van 2019, artikel 64 van Wet 23 van 2020, artikel 52 van Wet 20 van 2021 en artikel 48 van Wet 42 van 2024 5 10 15 20 25 30 35 41. (1) Artikel 11 van die Wet op Belasting op Toegevoegde Waarde, 1991, word 40 hierby gewysig— (a) deur in subatikel (1) die volgende paragraaf na paragraaf (w) by te voeg: ‘‘(x) die goedere wat gelewer is in die afloop van die lewering van toetsdienste bedoel in artikel 11(2)(z) en die goedere gelewer, wat verbruikbare goedere is— 45 (i) onbruikbaar word of geen kommersiële waarde het nie as ’n regstreekse gevolg van die gebruik in die lewering van die toetsdienste; en (ii) nodig is vir die lewering van die toetsdienste;’’; (b) deur in subartikel (2) na paragraaf (y) die volgende paragrawe by te voeg: 50 ‘‘(z) die dienste bestaan uit toetsdienste gelewer aan ’n persoon wat nie ’n inwoner van die Republiek is nie en wat nie ’n ondernemer is nie, wat nie toetsdienste is wat nie regstreeks gelewer is nie— (i) in verband met roerende eiendom geleë in die Republiek toe die dienste gelewer is, behalwe roerende eiendom— 55 (aa) bedoel in artikel 11(1)(x); of (bb) uitgevoer na genoemde persoon na die lewering van sodanige dienste; This gazette is also available free online at www.gpwonline.co.za - 44 Verify source ↗
No. 54448
AI-assisted research summary: This provision amends VAT rules for certain education-related supplies and makes a developer’s sale of temporarily used fixed property taxable in specified circumstances.
44 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 44 (ii) to the said person if the said person is in the Republic at the time when the services are rendered; (zA) the supply of distribution services deemed to be made under (2) Subsection (1) comes into operation on 1 April 2026. section 8(31).’’. Amendment of section 12 of Act 89 of 1991, as amended by section 18 of Act 136 of 1992, section 14 of Act 20 of 1994, section 22 of Act 37 of 1996, section 69 of Act 19 of 2001, section 154 of Act 60 of 2001, section 117 of Act 74 of 2002, section 99 of Act 32 of 2004, section 45 of Act 9 of 2006, section 82 of Act 20 of 2006, section 109 of Act 60 of 2008, section 147 of Act 22 of 2012, section 170 of Act 31 of 2013 and section 97 of Act 43 of 2014 42. (1) Section 12 of the Value-Added Tax Act, 1991, is hereby amended— (a) by the substitution in paragraph (h)(i) for item (aa) of the following item: ‘‘(aa) provided by [the State or a school registered or provisionally registered under the South African Schools Act, 1996 (Act No. 84 of 1996), or] a public college or private college established, declared [or], registered or provisionally registered as such under the [Further Education and Training Colleges Act,] Continuing Education and Training Act, 2006 (Act No. 16 of 2006);’’; 5 10 15 (b) by the substitution in paragraph (h)(i) for item (bb) of the following item: 20 ‘‘(bb) by an institution that provides higher education on a full time, part-time or distance basis and which is established or deemed to be established as a public higher education institution under the Higher Education Act, 1997 (Act No. 101 of 1997), or is declared as a public higher education institution under that Act, or is registered or [conditionally] provisionally registered as a private higher education institution under that Act; or’’; (c) by the substitution in paragraph (h) for subparagraph (ii) of the following subparagraph: ‘‘(ii) the supply by a [school,] university, technikon or college solely or mainly for the benefit of its learners or students of goods or services (including domestic goods and services) necessary for [and] or subordinate and incidental to the supply of services referred to in subparagraph (i) of this paragraph, if such goods or services are supplied for a consideration in the form of [school fees,] tuition fees or payment for lodging or board and lodging; [or]’’; and (d) by the substitution at the end of subparagraph (iii) for ‘‘:’’ of ‘‘; or’’; and (e) by the addition in paragraph (h) after subparagraph (iii) of the following subparagraph: ‘‘(iv) the supply of any goods or services by a school registered or provisionally registered under the South African Schools Act, 1996 (Act No. 84 of 1996), excluding supplies made in respect of welfare activities carried on by a welfare organisation, as confirmed in a ruling issued by the Commissioner in terms of section 41B of this Act:’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of section 18D of Act 89 of 1991, as inserted by section 54 of Act 20 of 2021 and section 50 of Act 17 of 2023 43. (1) Section 18D of the Value-Added Tax Act, 1991, is hereby amended— (a) by the substitution for subsection (3) of the following subsection: ‘‘(3) Where a vendor who is a developer subsequently supplies fixed property contemplated in subsection (2)[(b)] by way of a sale within the period that the fixed property is temporarily applied, such supply shall be 25 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 45 Wet no. 5 van 2026 45 (ii) aan sogenoemde persoon indien die sogenoemde persoon in die Republiek is wanneer die dienste gelewer word; (zA) die lewering van verspreidingsdienste geag gemaak te word (2) Subartikel (1) tree op 1 April 2026 in werking. kragtens artikel 8(31).’’. Wysiging van artikel 12 van Wet 89 van 1991, soos gewysig deur artikel 18 van Wet 136 van 1992, artikel 14 van Wet 20 van 1994, artikel 22 van Wet 37 van 1996, artikel 69 van Wet 19 van 2001, artikel 154 van Wet 60 van 2001, artikel 117 van Wet 74 van 2002, artikel 99 van Wet 32 van 2004, artikel 45 van Wet 9 van 2006, artikel 82 van Wet 20 van 2006, artikel 109 van Wet 60 van 2008, artikel 147 van Wet 22 van 2012, artikel 170 van Wet 31 van 2013 en artikel 97 van Wet 43 van 2014 42. (1) Artikel 12 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig— (a) deur in paragraaf (h)(i) item (aa) deur die volgende item te vervang: ‘‘(aa) verskaf deur [die Staat of ’n skool wat kragtens die Wet op Suid-Afrikaanse Skole, 1996 (Wet 84 van 1996), geregistreer is of] ’n openbare kollege of private kollege as sodanig opgerig, verklaar [of], geregistreer of voorlopig geregistreer kragtens die [‘Further Education and Training Colleges Act’,] ‘Continuing Education and Training Act, 2006’ (Wet No. 16 van 2006);’’; (b) deur in paragraaf (h)(i) item (bb) deur die volgende item te vervang: ‘‘(bb) deur ’n inrigting wat hoër onderwys verskaf op ’n voltydse, deeltyds of afstandgrondslag en wat ingestel is of geag word ingestel te wees as ’n openbare hoëronderwysinrigting ingevolge die Wet op Hoër Onderwys, 1997 (Wet 101 van 1997), of tot ’n openbare hoër onderwysinrigting verklaar is ingevolge genoemde Wet, of geregistreer of [voorwaardelik] voorlopig geregistreer is as ’n privaat hoëronderwysinrigting ingevolge die genoemde Wet; of’’; 5 10 15 20 25 (c) deur in paragraaf (h) subparagraaf (ii) deur die volgende subparagraaf te 30 vervang: ‘‘(ii) die lewering deur ’n [skool,] universiteit, technikon of kollege geheel en al of hoofsaaklik vir die voordeel van sy leerlinge of studente van goed of dienste (met inbegrip van huishoudelike [en] of ondergeskik aan en goed en dienste) nodig vir samehangend met die lewering van dienste beoog in subparagraaf (i) van hierdie paragraaf, waar die goed of dienste gelewer word teen ’n vergoeding in die vorm van [skoolgelde,] onderriggelde of betaling vir losies of kos en inwoning; [of]’’; en 35 (d) deur aan die einde van subparagraaf (iii) ‘‘:’’ deur ‘‘; of’’ te vervang; en (e) deur in paragraaf (h) na subparagraaf (iii) die volgende subparagraaf in te 40 voeg: ‘‘(iv) die lewering van enige goedere of dienste by ’n skool wat geregistreer of voorlopig geregistreer is kragtens die Wet op Suid-Afrikaanse Skole, 1996 (Wet No. 84 van 1996), behalwe lewering gemaak ten opsigte van welsynsaktiwiteite uitgevoer deur ’n welsynsorganisasie, soos bevestig in ’n beslissing deur die Kommissaris uitgereik ingevolge artikel 41B van hierdie Wet:’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. Wysiging van artikel 18D van Wet 89 van 1991, soos ingevoeg deur artikel 54 van Wet 20 van 2021 en artikel 50 van Wet 17 van 2023 43. (1) Artikel 18D van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig— (a) deur subartikel (3) deur die volgende subartikel te vervang: ‘‘(3) Waar ’n ondernemer wat ’n ontwikkelaar is vervolgens vaste eiendom beoog in subartikel (2)[(b)] deur middel van ’n verkoping lewer binne die tydperk waartydens die vaste eiendom tydelik aangewend word, word sodanige lewering ’n belasbare lewering in die loop of 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 46 Verify source ↗
No. 54448
AI-assisted research summary: The Commissioner must amend certain pre-1 January 2026 school-service VAT assessments on written application by the vendor, but not if it would create a refund, and may not make new assessments for those tax periods.
46 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 46 a taxable supply in the course or furtherance of the vendor’s enterprise and shall take place in accordance with section 9(3)(d).’’; (b) by the substitution in subsection (5) for paragraph (b) of the following paragraph: ‘‘(b) is temporarily applied as contemplated in subsection (2)[(b)] and is no longer applied in supplying accommodation in a dwelling immediately after the expiry of the ‘temporarily applied’ period;’’; 5 (c) by the addition in subsection (5) of ‘‘or’’ at the end of paragraph (b); (d) by the addition after paragraph (c) of the following paragraph: ‘‘(d) is deemed to have been supplied under section 18(1) in circum- stances contemplated in subsection (6).’’; and 10 (e) by the substitution for subsection (6) of the following subsection: ‘‘(6) The fixed property contemplated in subsection (2)[(b)] shall be deemed to have been supplied by the developer by way of a taxable supply under section 18(1) for a consideration as contemplated in section 10(7) in the course or furtherance of that vendor’s enterprise at the earlier of—’’. (2) Subsection (1) comes into operation on 1 April 2026. Amendment of section 21 of Act 89 of 1991, as amended by section 26 of Act 136 of 1992, section 34 of Act 97 of 1993, section 176 of Act 45 of 2003, section 48 of Act 16 of 2004, section 36 of Act 18 of 2009, section 150 of Act 22 of 2012, section 27 of Act 23 of 2015, section 136 of Act 25 of 2015, section 8 of Act 22 of 2018 and section 51 of Act 17 of 2023 15 20 44. (1) Section 21 of the Value-Added Tax Act, 1991, is hereby amended by the substitution in subsection (1)(d) for subparagraph (ii) of the following subparagraph: 25 ‘‘(ii) a vendor, where a supply of an enterprise as a going concern, contemplated in section 11(1)(e) or section 8(25) of this Act, was made to that vendor, the vendor in such case being deemed for purposes of this Act to have made the supply of the goods or services to the recipient, whether the supply was made by him or the other vendor that made the supply of that enterprise as a going concern.’’. (2) Subsection (1) comes into operation on 1 April 2026. Insertion of sections 40E and 40F in Act 89 of 1991 45. (1) The Value-Added Tax Act, 1991, is hereby amended by the insertion after section 40D of the following sections: ‘‘Liability for tax and limitation of refunds in respect of supplies by school 40E. (1) This section applies in respect of the supply of services by a school contemplated in section 12(h)(ii) before 1 January 2026. (2) Where the Commissioner issued any assessment relating to tax periods ending before 1 January 2026 for an amount of tax or penalty in respect of any supply of services, as contemplated in subsection (1), in respect of the application of the provisions, as contemplated in section 12(h)(ii), in respect of that supply, the Commissioner must, on written application by the vendor, amend that assessment to the extent that the amount of tax, penalty or interest that arose as a result of that assessment, has not yet been paid on that date: Provided that the assessment does not result in a refund to the vendor. (3) The Commissioner may not make any assessment for tax periods ending before 1 January 2026 in respect of the supply of services contemplated in subsection (1). 30 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 47 Wet no. 5 van 2026 47 voortsetting van die ondernemer ooreenkomstig artikel 9(3)(d) plaas.’’; se onderneming en vind dit ‘‘(b) (b) deur in subartikel (5) paragraaf (b) deur die volgende paragraaf te vervang: tydelik aangewend word soos in subartikel (2)[(b)] beoog en nie langer aangewend word in die lewering van verblyf in ’n woning onmiddellik na die verval van die ‘tydelik aangewende’ tydperk nie;’’; 5 (c) deur in subartikel (5) aan die einde van paragraaf (b) ‘‘of’’ in te voeg; (d) deur die volgende paragraaf na paragraaf (c) by te voeg: ‘‘(d) geag word kragtens artikel 18(1) gelewer te wees in omstandig- 10 hede beoog in subartikel (6).’’; en (e) deur subartikel (6) deur die volgende subartikel te vervang: ‘‘(6) Die vaste eiendom beoog in subartikel (2)[(b)] word geag deur die ontwikkelaar gelewer te gewees het by wyse van ’n belasbare lewering kragtens artikel 18(1) vir die vergoeding in artikel 10(7) beoog in die loop of voortsetting van daardie ondernemer se onderneming op die vroegste van—’’. (2) Subartikel (1) tree op 1 April 2026 in werking. Wysiging van artikel 21 van Wet 89 van 1991, soos gewysig deur artikel 26 van Wet 136 van 1992, artikel 34 van Wet 97 van 1993, artikel 176 van Wet 45 van 2003, artikel 48 van Wet 16 van 2004, artikel 36 van Wet 18 van 2009, artikel 150 van Wet 22 van 2012, artikel 27 van Wet 23 van 2015, artikel 136 van Wet 25 van 2015, artikel 8 van Wet 22 van 2018 en artikel 51 van Wet 17 van 2023 44. (1) Artikel 21 van die Wet op Belasting op Toegevoegde Waarde, 1991, word (ii) deur die volgende (1)(d) subparagraaf in subartikel hierby gewysig deur subparagraaf te vervang: ‘‘(ii) ’n ondernemer, waar die lewering van ’n onderneming as ’n lopende saak soos beoog in artikel 11(1)(e) of artikel 8(25) van hierdie Wet, aan daardie ondernemer gemaak is, en die ondernemer in so geval geag word vir doeleindes van hierdie Wet om die lewering van die goedere of dienste aan die ontvanger te gedoen het, ongeag of die lewering deur hom gedoen is of deur die ander ondernemer wat die lewering van die onderneming as ’n lopende saak gedoen het.’’. (2) Subartikel (1) tree op 1 April 2026 in werking. Invoeging van artikels 40E en 40F in Wet 89 van 1991 45. (1) Die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig deur die volgende artikels na artikel 40D in te voeg: 15 20 25 30 35 ‘‘Aanspreeklikheid vir belasting en beperking van terugbetalings ten opsigte van lewering deur skool 40E. (1) Hierdie artikel is van toepasing ten opsigte van die lewering van 40 dienste deur ’n skool beoog in artikel 12(h)(ii) voor 1 Januarie 2026. (2) Waar die Kommissaris enige aanslag uitgereik het verwant aan belastingtydperke wat voor 1 Januarie 2026 eindig vir ’n bedrag van belasting of boete ten opsigte van enige lewering van dienste, soos beoog in subartikel (1), ten opsigte van die aansoek van die bepalings, soos beoog in artikel 12(h)(ii), ten opsigte van daardie lewering, moet die Kommissaris, by skriftelike versoek deur die ondernemer, daardie aanslag wysig tot die mate wat die bedrag van belasting, boete of rente wat uit daardie aanslag voortgespruit het, op daardie datum nog nie betaal is nie: Met dien verstande dat die aanslag nie na ’n terugbetaling aan die ondernemer lei nie. (3) Die Kommissaris mag nie enige aanslag maak ten opsigte van die lewering van dienste beoog in subartikel (1) vir belastingtydperke wat voor 1 Januarie 2026 eindig nie. 45 50 This gazette is also available free online at www.gpwonline.co.za - 48 Verify source ↗
No. 54448
AI-assisted research summary: The Commissioner must amend certain pre-1 April 2026 assessments on written application, but may not create those assessments or refund tax, penalties, or interest in the listed cases.
48 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 48 (4) If the vendor has charged tax at the rate referred to in section 7(1) in respect of the supply contemplated in subsection (1), the Commissioner may not refund any such tax, penalty or interest that arose as a result of the late payment to such tax, paid by the vendor to the Commissioner. Liability for tax and limitation of refunds in respect of National Housing Programmes 5 40F. (1) This section applies in respect of the supply of services deemed to be made by the vendor in terms of section 8(23), which services were supplied before 1 April 2026. (2) Where the Commissioner issued any assessment relating to tax periods ending before 1 April 2026 for an amount of tax or additional tax in respect of any supply of services as contemplated in subsection (1) in respect of application of the provisions as contemplated in section 11(2)(s) in respect of that supply, the Commissioner must, on written application by the vendor, amend that assessment to the extent that the amount of tax, additional tax, penalty or interest that arose as a result of that assessment has not yet been paid on that date: Provided that the assessment does not result in a refund to the vendor. (3) The Commissioner may not make any assessment for tax periods ending before 1 April 2026 in respect of the deemed supply of services contemplated in subsection (1). (4) If the vendor has charged tax at the rate referred to in section 7(1) instead of the rate of tax in terms of section 11(2)(s) in respect of the supply contemplated in subsection (1), the Commissioner may not refund any such tax or any penalty or interest that arose as a result of the late payment of such tax, paid by the vendor to the Commissioner.’’. (2) Subsection (1), to the extent that it inserts section 40E, comes into operation on 1 January 2026 and, to the extent that it inserts section 40F, comes into operation on 1 April 2026. 10 15 20 25 Amendment of section 50 of Act 89 of 1991, as amended by section 38 of Act 136 of 1991, section 271 of Act 28 of 2011, section 13 of Act 22 of 2018, section 72 of Act 34 of 2019 and section 50 of Act 42 of 2024 30 46. (1) Section 50 of the Value-Added Tax Act, 1991, is hereby amended by the substitution in subsection (2A) for the proviso of the following proviso: ‘‘: Provided that such implementing agency shall maintain and retain, (in addition 35 to the other requirements under this Act),— (i) (ii) (iii) an independent system of accounting for each foreign donor funded project; an annual list of all the registered projects along with the respective foreign donor funded project reference numbers, their commencement and end dates, that are accounted for under such separately registered single branch during the financial year; a reconciliation of the values submitted for each tax period of the separately registered branch with the values of each foreign donor funded project respectively; and (iv) written confirmation from the Minister that the foreign donor funded is a project established in terms of an official development project assistance agreement, as contemplated in the definition of ‘foreign donor funded project’ in section 1(1) for each foreign donor funded project accounted for under the separately registered branch.’’. (2) Subsection (1) comes into operation on 1 April 2026. 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 49 Wet no. 5 van 2026 49 (4) Indien die ondernemer belasting gehef het teen die tariewe bedoel in artikel 7(1) ten opsigte van die lewering beoog in subartikel (1), mag die Kommissaris nie enige sodanige belasting, boete of rente wat weens die laat betaling van sodanige belasting deur die ondernemer aan die Kommissaris betaal is, terugbetaal nie. Aanspreeklikheid vir belasting en beperking van terugbetalings ten opsigte van Nasionale Behuisingsprogramme 40F. (1) Hierdie artikel is van toepassing ten opsigte van die lewering van dienste geag gelewer te wees deur die ondernemer ingevolge artikel 8(23), welke dienste voor 1 April 2026 gelewer is. (2) Waar die Kommissaris enige aanslag uitgereik het met betrekking tot belastingtydperke wat voor 1 April 2026 eindig vir ’n bedrag belasting of addisionele belasting ten opsigte van die lewering van dienste soos beoog in subartikel (1) ten opsigte van die toepassing van die bepalings soos beoog in artikel 11(2)(s) ten opsigte van daardie lewering, moet die Kommissaris, op skriftelike versoek deur die ondernemer, daardie aanslag wysig tot die mate wat die bedrag belasting, addisionele belasting, boete of rente as gevolg van daardie aanslag op daardie datum nog nie betaal is nie: Met dien verstande dat die aanslag nie tot ’n terugbetaling aan die ondernemer lei nie. (3) Die Kommissaris mag nie ’n aanslag maak vir belastingtydperke wat voor 1 April 2026 eindig nie ten opsigte van die geagte lewering van dienste beoog in subartikel (1). (4) Indien die ondernemer teen ’n koers in artikel 7(1) beoog in plaas van die belastingkoers ingevolge artikel 11(2)(s) ten opsigte van die lewering beoog in subartikel (1) gehef het, mag die Kommissaris nie sodanige belasting of enige boete of rente wat as gevolg van die laat betaling van sodanige belasting deur die ondernemer aan die Kommissaris ontstaan het, terugbetaal nie.’’. 5 10 15 20 25 (2) Subartikel (1), in soverre dit artikel 40E invoeg, tree op 1 Januarie 2026 in werking en, in soverre dit artikel 40F invoeg, tree op 1 April 2026 in werking. 30 Wysiging van artikel 50 van Wet 89 van 1991, soos gewysig deur artikel 38 van Wet 136 van 1991 artikel 271 van Wet 28 van 2011, artikel 13 van Wet 22 van 2018, artikel 72 van Wet 34 van 2019 en artikel 50 van Wet 42 van 2024 46. (1) Artikel 50 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig deur die voorbehoudsbepaling in subartikel (2A) deur die volgende voorbehoudsbepaling te vervang: ‘‘: Met dien verstande dat sodanige implementerende agentskap moet onderhou en behou (benewens die ander vereistes kragtens hierdie Wet)— (i) (ii) (iii) (iv) ’n onafhanklike rekeningkundige stelsel vir elke buitelandse skenker- gefinansierde projek; ’n jaarlikse lys van al die geregistreerde projekte saam met die onderskeie verwysingsnommers van buitelandse skenker-gefinansierde projekte, hul begin- en einddatums, waarvoor onder sodanige afsonderlik geregistreerde enkele tak rekenskap gegee word tydens die boekjaar; ’n rekonsiliasie van die waardes wat vir elke belastingtydperk van die afsonderlik geregistreerde tak ingedien is, met die onderskeidelike waardes van elke buitelandse skenker-gefinansierde projek; en skriftelike bevestiging van die Minister dat die buitelandse skenker- gefinansierde projek ’n projek is wat ’n amptelike ontwikkelingshulp-ooreenkoms opgerig is, soos beoog in die omskrywing van ‘buitelandse skenker-gefinansierde projek’ in artikel 1(1) vir elke buitelandse afsonderlik geregistreerde tak in berekening gebring.’’. skenker-gefinansierde ingevolge projek onder die (2) Subartikel (1) tree op 1 April 2026 in werking. 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za - 50 Verify source ↗
No. 54448
AI-assisted research summary: An agent handling certain gold or silver supplies or exports must keep acceptable documentary proof, and may have to account for output tax if the documents are missing.
50 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 50 Amendment of section 54 of Act 89 of 1991, as amended by section 40 of Act 136 of 1991, section 34 of Act 136 of 1992, section 25 of Act 20 of 1994, section 46 of Act 27 of 1997, section 100 of Act 53 of 1999, section 51 of Act 16 of 2004, section 102 of Act 43 of 2014, section 34 of Act 44 of 2014, section 12 of Act 21 of 2018, section 52 of Act 17 of 2023 and section 51 of Act 42 of 2024 47. (1) Section 54 of the Value-Added Tax Act, 1991, is hereby amended— (a) by the deletion of subparagraph (ii) of subsection (2B)(a); (b) by the substitution for subsection (2C) of the following subsection: ‘‘(2C) For the purposes of this Act, where gold is supplied as contemplated in section 11 (1) (f) or where gold or silver is exported from the Republic in the circumstances contemplated in paragraph (a) or (d) of the definition of ‘exported’ in section 1(1) and, in the case of gold, in accordance with section 12 of the of the Precious Metals Act, 2005 (Act No. 37 of 2005), by an agent who is acting on behalf of another person who is the principal for the purposes of that supply and— (a) the agent is a registered vendor; and (b) the principal is a resident of the Republic and a registered vendor, the agent must obtain and retain documentary proof as is acceptable to the Commissioner: Provided that the agent will— (aa) not be required to provide the principal with copies of the documentary evidence as prescribed; and (bb) be liable to account for output tax in the event that the agent is not in possession of the requisite documents, other than zero-rated tax invoices in circumstances where the principal supplied its gold or silver directly to the purchaser, to substantiate the application of the zero rate in respect of supplies made by the agent on behalf of a principal.’’. (2) Subsection (1) comes into operation on 1 April 2026. Amendment of Schedule 1 to Act 89 of 1991, as amended by section 48 of Act 136 of 1991, section 43 of Act 136 of 1992, Government Notice No. 2244 of 31 July 1992, section 44 of Act 97 of 1993, Government Notice No. 1955 of 7 October 1993, section 32 of Act 20 of 1994, section 32 of Act 37 of 1996, section 53 of Act 27 of 1997, substituted by section 177 of Act 60 of 2001 and amended by section 58 of Act 30 of 2002, section 121 of Act 74 of 2002, Government Notice No. R.111 in Government Gazette No. 24274 of 17 January 2003, section 189 of Act 45 of 2003, sections 52 to 55 of Act 16 of 2004, section 108 of Act 32 of 2004, sections 111 to 123 of Act 31 of 2005, sections 52 to 53 of Act 9 of 2006, section 89 of Act 20 of 2006, section 109 of Act 8 of 2007, section 85 of Act 8 of 2007, Government Notice No. R.958 in Government Gazette No. 30370 of 12 October 2007, section 107 of Act 35 of 2007, Government Notice No. R.766 in Government Gazette No. 32416 of 24 July 2009, Government Notices Nos. R.154 and R.157 in Government Gazette No. 34046 of 1 March 2011, section 143 of Act 24 of 2011, Government Notice No. R.187 in Government Gazette No. 35102 of 2 March 2012, Government Notice No. R.506 in Government Gazette No. 35481 of 6 July 2012, Government Notice No. 995 in Government Gazette No. 35932 of 7 December 2012, Government Notice No. R.1072 in Government Gazette No. 36002 of 14 December 2012, section 181 of Act 31 of 2013, Government Notice No. R.288 in Government Gazette No. 37554 of 17 April 2014, section 107 of Act 43 of 2014, Government Notice No. R.723 in Government Gazette No. 39100 of 14 August 2015, Government Notice No. R.558 in Government Gazette No. 40004 of 20 May 2016, section 87 of Act 15 of 2016, section 31 of Act 16 of 2016, section 74 of Act 34 of 2019, Government Notice No. R.226 in Government Gazette No. 43051 of 28 February 2020, Government Notice No. R.1069 in Government Gazette No. 43781 of 9 October 2020, section 25 of Act 16 of 2022, Government Notice No. R.3780 in Government Gazette No. 49104 of 11 August 2023, section 53 of Act 17 of 2023 and section 52 of Act 42 of 2024 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 51 Wet no. 5 van 2026 51 Wysiging van artikel 54 van Wet 89 van 1991, soos gewysig deur artikel 40 van Wet 136 van 1991, artikel 34 van Wet 136 van 1992, artikel 25 van Wet 20 van 1994, artikel 46 van Wet 27 van 1997, artikel 100 van Wet 53 van 1999, artikel 51 van Wet 16 van 2004, artikel 102 van Wet 43 van 2014, artikel 34 van Wet 44 van 2014, artikel 12 van Wet 21 van 2018, artikel 52 van Wet 17 van 2023 en artikel 51 van Wet 42 van 2024 47. (1) Artikel 54 van die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig— (a) deur in subartikel (2B)(a) subparagraaf (ii) te skrap; (b) deur subartikel (2C) deur die volgende subartikel te vervang: ‘‘(2C) By die toepassing van hierdie Wet, waar goud gelewer word soos in artikel 11(1)(f) beoog of waar goud of silwer uit die Republiek uitgevoer word in die omstandighede beoog in paragraaf (a) of (d) van die omskrywing van ‘uitgevoer’ in artikel 1(1) en in die geval van goud en ooreenkomstig artikel 12 van die ‘Precious Metals Act, 2005’ (Wet No. 37 van 2005), deur ’n agent wat namens ’n ander persoon optree wat vir die doeleindes van daardie lewering die prinsipaal is en— (a) die agent ’n geregistreerde ondernemer is; en (b) die prinsipaal ’n inwoner van die Republiek en ’n geregistreerde ondernemer is, moet die agent dokumentêre bewys verkry en behou, wat vir die Kommissaris aanvaarbaar is: Met dien verstande dat die agent— (aa) nie vereis word om die prinsipaal van afskrifte van die dokumentêre bewys soos voorgeskryf te voorsien nie; en (bb) verplig is om rekening te gee van uitsetbelasting in die geval dat die agent nie in besit van die vereiste dokumente is nie, behalwe nulskaal belastingfakture in omstandighede waar die prinsipaal sy goud of silwer regstreeks aan die koper gelewer het, om die toepassing van die nulskaal ten opsigte van lewerings deur die agent namens ’n prinsipaal gedoen, te rugsteun.’’. (2) Subartikel (1) tree op 1 April 2026 in werking. Wysiging van Bylae 1 tot Wet 89 van 1991, soos gewysig deur artikel 48 van Wet 136 van Wet 1991, artikel 43 van Wet 136 van 1992, Goewermentskennisgewing No. 2244 van 31 Julie 1992, artikel 44 van Wet 97 van 1993, Goewermentskennisgewing No. 1955 van 7 Oktober 1993, artikel 32 van Wet 20 van 1994, artikel 32 van Wet 37 van 1996, artikel 53 van Wet 27 van 1997, vervang deur artikel 177 van Wet 60 van 2001 en gewysig deur artikel 58 van Wet 30 van 2002, artikel 121 van Wet 74 van 2002, Goewermentskennisgewing No. R.111 in Staatskoerant No. 24274 van 17 Januarie 2003, artikel 189 van Wet 45 van 2003, artikels 52 tot 55 van Wet 16 van 2004, artikel 108 van Wet 32 van 2004 en artikels 111 tot 123 van Wet 31 van 2005, artikels 52 tot 53 van Wet 9 van 2006, artikel 89 van Wet 20 van 2006, artikel 109 van Wet 8 van 2007, artikel 85 van Wet 8 van 2007, Goewermentskennisgewing No. R.958 in Staatskoerant No. 30370 van 12 Oktober 2007, artikel 107 van Wet 35 van 2007, Goewermentskennisgewing No. R.766 in Staatskoerant No. 32416 van 24 Julie 2009, Goewermentskennisgewings Nos. R.154 en R.157 in Staatskoerant No. 34046 van 1 Maart 2011, artikel 143 van Wet 24 van 2011, R.187 in Staatskoerant No. 35102 van 2 Maart 2012, Goewermentskennisgewing No. R.506 in Staatskoerant No. 35481 van 6 Julie 2012, Goewermentskennisgewing No. 995 in Staatskoerant No. 35932 van 7 Desember 2012, Goewermentskennisgewing No. R.1072 in Staatskoerant No. 36002 van 14 Desember 2012, artikel 181 van Wet 31 van 2013, Goewermentskennisgewing No. R.288 in Staatskoerant No. 37554 van 17 April 2014, artikel 107 van Wet 43 van 2014, Goewermentskennisgewing No. R.723 in Staatskoerant No. 39100 van 14 Augustus 2015, Goewermentskennisgewing No. R.558 in Staatskoerant No. 40004 van 20 Mei 2016, artikel 87 van Wet 15 van 2016, artikel 31 van Wet 16 van 2016, artikel 74 van Wet 34 van 2019, Goewermentskennisgewing No. R.226 in Staatskoerant No. 43051 van 28 Februarie 2020, Goewermentskennisgewing No. R.1069 in Staatskoerant No. 43781 van 9 Oktober 2020, artikel 25 van Wet 16 van 2022, Goewermentskennisgewing No. R.3780 in Staatskoerant No. 49104 van 11 Augustus 2023, artikel 53 van Wet 17 van 2023 en artikel 52 van Wet 42 van 2024 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za - 52 Verify source ↗
No. 54448
AI-assisted research summary: This section amends section 62 of the Taxation Laws Amendment Act, 2013 by replacing subsection (2).
52 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 52 48. (1) Schedule 1 to the Value-Added Tax Act, 1991, is hereby amended— (a) by the substitution in paragraph 1 for subparagraphs (iii) and (iv) of the following subparagraphs: ‘‘(iii) goods which in the opinion of the Commissioner are of no commercial value; and (iv) goods imported under an international carnet[;and].’’; (b) by the deletion in paragraph (1) of subparagraph (v); and (c) by the deletion of paragraph 2. (2) Subsection (1) comes into operation on a date to be determined by the Minister by notice in the Government Gazette. Amendment of section 8 of Act 25 of 2007, as amended by section 73 of Act 3 of 2008, section 127 of Act 60 of 2008, section 97 of Act 17 of 2009, section 127 of Act 7 of 2010, section 148 of Act 24 of 2011, section 155 of Act 22 of 2012, section 183 of Act 31 of 2013, section 138 of Act 25 of 2015, section 15 of Act 22 of 2018, section 68 of Act 23 of 2020, section 57 of Act 20 of 2021 and section 54 of Act 42 of 2024 49. (1) Section 8 of the Securities Transfer Tax Act, 2007 (Act No. 25 of 2007), is hereby amended— (a) by the deletion in subsection (1) at the end of paragraph (q) of the word ‘‘or’’; (b) by the deletion in subsection (1) at the end of paragraph (s) of the word ‘‘or’’; (c) by the deletion in subsection (1) at the end of paragraph (u) of the word ‘‘or’’; (d) by the deletion in subsection (1) at the end of paragraph (w) of the word ‘‘or’’; (e) by the substitution in subsection (1) after paragraph (x) for ‘‘.’’ of ‘‘; or’’; and by the addition in subsection (1) after paragraph (x) of the following (f) paragraph: ‘‘(y) if that security is transferred to a ‘portfolio of a collective investment scheme’, as defined in section 1(1) of the Income Tax Act, by a person in return for a participatory interest in that scheme.’’. (2) Subsection (1) comes into operation on 1 January 2027. Amendment of section 13 of Act 31 of 2013, as amended by section 144 of Act 25 of 2015, section 98 of Act 15 of 2016, section 93 of Act 17 of 2017, section 98 of Act 23 of 2018, section 82 of Act 34 of 2019, section 71 of Act 23 of 2020, section 60 of Act 20 of 2021, section 35 of Act 20 of 2022 and section 60 of Act 17 of 2023 5 10 15 20 25 30 50. (1) Section 13 of the Taxation Laws Amendment Act, 2013 (Act No. 31 of 2013), is hereby amended by the substitution for subsection (2) of the following subsection: 35 ‘‘(2) Subsection (1) comes into operation on 1 January [2026] 2027 and applies in respect of amounts incurred on or after that date.’’. (2) Subsection (1) is deemed to have come into operation on 12 December 2013. Amendment of section 15 of Act 31 of 2013, as amended by section 145 of Act 25 of 2015, section 99 of Act 15 of 2016, section 94 of Act 17 of 2017, section 99 of Act 23 of 2018, section 83 of Act 34 of 2019, section 72 of Act 23 of 2020, section 61 of Act 20 of 2021, section 36 of Act 20 of 2022 and section 61 of Act 17 of 2023 40 51. (1) Section 15 of the Taxation Laws Amendment Act, 2013, is hereby amended by the substitution for subsection (2) of the following subsection: ‘‘(2) Subsection (1) comes into operation on 1 January [2026] 2027 and applies 45 in respect of amounts incurred on or after that date.’’. (2) Subsection (1) is deemed to have come into operation on 12 December 2013. Amendment of section 62 of Act 31 of 2013, as amended by section 148 of Act 25 of 2015, section 100 of Act 15 of 2016, section 100 of Act 23 of 2018, section 84 of Act 34 of 2019, section 73 of Act 23 of 2020, section 62 of Act 20 of 2021, section 37 of Act 20 of 2022 and section 63 of Act 17 of 2023 50 52. (1) Section 62 of the Taxation Laws Amendment Act, 2013, is hereby amended by the substitution for subsection (2) of the following subsection: This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 53 Wet no. 5 van 2026 53 48. (1) Bylae 1 tot die Wet op Belasting op Toegevoegde Waarde, 1991, word hierby gewysig— (a) deur in paragraaf 1 subparagrawe (iii) en (iv) deur die volgende paragrawe te vervang: ‘‘(iii) goed wat volgens die oordeel van die Kommissaris van geen 5 kommersiële waarde is nie; en (iv) goed wat kragtens ’n internasionale carnet ingevoer is[; en].’’; (b) deur in paragraaf (1) subparagraaf (v) te skrap; en (c) deur paragraaf 2 te skrap. (2) Subartikel (1) tree in werking op ’n datum soos deur die Minister by kennisgewing 10 in die Staatskoerant bepaal. Wysiging van artikel 8 van Wet 25 van 2007, soos gewysig deur artikel 73 van Wet 3 van 2008, artikel 127 van Wet 60 van 2008, artikel 97 van Wet 17 van 2009, artikel 127 van Wet 7 van 2010, artikel 148 van Wet 24 van 2011, artikel 155 van Wet 22 van 2012, artikel 183 van Wet 31 van 2013, artikel 138 van Wet 25 van 2015, artikel 15 van Wet 22 van 2018, artikel 68 van Wet 23 van 2020, artikel 57 van Wet 20 van 2021 en artikel 54 van Wet 42 van 2024 - 49 Verify source ↗
Artikel 8 van die Wet op Belasting op Oordrag van Sekuriteite, 2007 (Wet No. 25
AI-assisted research summary: This provision amends several tax law sections and sets 1 January 2027 as the commencement date for certain substituted subsections.
49. Artikel 8 van die Wet op Belasting op Oordrag van Sekuriteite, 2007 (Wet No. 25 van 2007), word hierby gewysig— (a) deur in subartikel (1) die ‘‘of’’ aan die einde van paragraaf (q) te skrap; (b) deur in subartikel (1) die ‘‘of’’ aan die einde van paragraaf (s) te skrap; (c) deur in subartikel (1) die ‘‘of’’ aan die einde van paragraaf (u) te skrap; (d) deur in subartikel (1) die ‘‘of’’ aan die einde van paragraaf (w) te skrap; (e) deur in subartikel (1) na paragraaf (x) die ‘‘.’’ deur ’n ‘‘; of’’ te vervang; en deur in subartikel (1) die volgende paragraaf na paragraaf (x) in te voeg: (f) ‘‘(y) indien daardie sekuriteit oorgedra is na ’n ‘portefeulje of ’n kollektiewe belggingskema’, soos omskryf in artikel 1(1) van die Inkomstebelastingwet, deur ’n persoon in ruil vir ’n deelnemende belang in daardie skema.’’. (2) Subartikel (1) tree op 1 Januarie 2027 in werking. Wysiging van artikel 13 van Wet 31 van 2013, soos gewysig deur artikel 144 van Wet 25 van 2015, artikel 98 van Wet 15 van 2016, artikel 93 van Wet 17 van 2017, artikel 98 van Wet 23 van 2018, artikel 82 van Wet 34 van 2019, artikel 71 van Wet 23 van 2020, artikel 60 van Wet 20 van 2021, artikel 35 van Wet 20 van 2022 en artikel 60 van Wet 17 van 2023 15 20 25 30 35 50. (1) Artikel 13 van die Wysigingswet op Belastingwette, 2013 (Wet No. 31 van 2013) word hierby gewysig deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Subartikel (1) tree in werking op 1 Januarie [2026] 2027 en is van toepassing ten opsigte van bedrae aangegaan op of na daardie datum.’’. (2) Subartikel (1) word geag om op 12 Desember 2013 in werking te getree het. 40 Wysiging van artikel 15 van Wet 31 van 2013, soos gewysig deur artikel 145 van Wet 25 van 2015, artikel 99 van Wet 15 van 2016, artikel 94 van Wet 17 van 2017, artikel 99 van Wet 23 van 2018, artikel 82 van Wet 34 van 2019, artikel 72 van Wet 23 van 2020, artikel 61 van Wet 20 van 2021, artikel 36 van Wet 20 van 2022 en artikel 61 van Wet 17 van 2023 51. (1) Artikel 15 van die Wysigingswet op Belastingwette, 2013, word hierby gewysig deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Subartikel (1) tree in werking op 1 Januarie [2026] 2027 en is van toepassing ten opsigte van bedrae aangegaan op of na daardie datum.’’. (2) Subartikel (1) word geag op 12 Desember 2013 in werking te getree het. 45 50 Wysiging van artikel 62 van Wet 31 van 2013, soos gewysig deur artikel 148 van Wet 25 van 2015, artikel 100 van Wet 15 van 2016, artikel 100 van Wet 23 van 2018, artikel 84 van Wet 34 van 2019, artikel 73 van Wet 23 van 2020, artikel 62 van Wet 20 van 2021, artikel 37 van Wet 20 van 2022 en artikel 63 van Wet 17 van 2023 52. (1) Artikel 62 van die Wysigingswet op Belastingwette, 2013, word hierby 55 gewysig deur subartikel (2) deur die volgende subartikel te vervang: This gazette is also available free online at www.gpwonline.co.za - 54 Verify source ↗
No. 54448
AI-assisted research summary: The provision amends the carbon tax rules, including a new definition of “carbon budget” and updated rules for how carbon tax is calculated and applied.
54 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 54 ‘‘(2) Subsection (1) comes into operation on 1 January [2026] 2027 and applies in respect of amounts of interest incurred on or after that date.’’. (2) Subsection (1) is deemed to have come into operation on 12 December 2013. Amendment of section 1 of Act 15 of 2019, as amended by section 89 of Act 34 of 2019 5 53. (1) Section 1 of the Carbon Tax Act, 2019 (Act No. 15 of 2019), is hereby amended by the substitution in subsection (1) for the definition of ‘‘carbon budget’’ of the following definition: ‘‘ ‘carbon budget’ means an assigned amount of greenhouse gas emissions [permitted, against which] allocated to a person, as contemplated in section 27 of the Climate Change Act, 2024 (Act No. 22 of 2024), for direct emissions arising from the operations of [a] that person [during] over a defined time period [will be accounted for];’’. (2) Subsection (1) comes into operation with effect from a date determined by the Minister of Finance by notice in the Gazette. Amendment of section 4 of Act 15 of 2019, as amended by section 91 of Act 34 of 2019 54. (1) Section 4 of the Carbon Tax Act, 2019, is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) Nothwistanding subsection (2), the carbon tax must be levied in respect of the sum of the greenhouse gas emissions of a taxpayer in respect of a tax period expressed as the carbon dioxide equivalent of those greenhouse gas emissions resulting from fuel combustion and industrial processes, and fugitive emissions in accordance with an emmissions determination methodology approved by the [Department of Environmental Affairs] Department of Forestry, Fisheries and the Environment.’’; (b) by the substitution in subsection (2)(b) for the first formula in respect of fugitive emissions of the following formula: ‘‘F = (N × Q) in which formula— (i) (ii) (iii) ‘F’ represents the number to be determined; ‘N’ represents the mass expressed in tonne in the case of solid fuels or the volume of each type of fuel expressed in cubic metres in the case of fuels other than solid fuels[,] or the amount of syngas produced in (TJ) with respect to coal to liquids or total amount of natural gas input with respect to gas to liquids; or mass of product produced expressed in tonne in respect of which the greenhouse gas is emitted, mass of fuel wood expressed in tonne that is the source of greenhouse gas emission, in respect of the greenhouse gas emission; and ‘Q’ represents the greenhouse gas emission factor in carbon dioxide equivalent per tonne [or], cubic metres or product produced—’’; (c) by the substitution in subsection (2)(b) (iii) for item (aa) of the following item: ‘‘(aa) in the case of oil and natural gas, biochar, coke and charcoal production (per charcoal produced), that must be determined in accordance with the formula:’’; and 10 15 20 25 30 35 40 45 (d) by the addition in subsection (2)(b) (iii) after item (bb) of the following items: ‘‘(cc) in the case of charcoal production (fuelwood input), that must be 50 determined in accordance with the formula: X = [(C × 1) + (M × 23) + (N × 296) × D] / Y in which formula— (a) ‘X’ represents the number to be determined; This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 55 Wet no. 5 van 2026 55 ‘‘(2) Subartikel (1) tree op 1 Januarie [2026] 2027 in werking en is van toepassing ten opsigte van bedrae van rente aangegaan op of na daardie datum.’’. (2) Subartikel (1) word geag op 12 Desember 2013 in werking te getree het. Wysiging van artikel 1 van Wet 15 van 2019, soos gewysig deur artikel 89 van Wet 34 van 2019 5 53. (1) Artikel 1 van die Wet op Koolstofbelasting, 2019 (Wet No. 15 van 2019), word hierby gewysig deur die omskrywing van ‘‘koolstofbegroting’’ deur die volgende omskrywing te vervang: ‘‘ ‘koolstofbegroting’ ’n toegelate toegewysde hoeveelheid kweekhuisgasse [wat vrygestel mag word, waarteen] aan ’n persoon toegewys, soos beoog in artikel 27 van die ‘Climate Change Act, 2024’ (Wet No. 22 van 2024), vir regstreekse vrystellings wat voortspruit vanuit die bedrywighede van [’n] daardie persoon, [tydens] oor ’n omskrewe tydperk [in ag geneem sal word];’’. 10 (2) Subartikel (1) tree in werking met ingang van ’n datum deur die Minister van 15 Finansies by kennisgewing in die Staatskoerant bepaal. Wysiging van artikel 4 van Wet 15 van 2019, soos gewysig deur artikel 91 van Wet 34 van 2019 54. (1) Artikel 4 van die Wet op Koolstofbelasting, 2019, word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: die van som van ‘‘(1) Behoudens subartikel (2) word die koolstofbelasting gehef ten van die opsigte belastingpligtige ten opsigte van ’n belastingtydperk uitgedruk as die koolstofdioksiedekwivalent van daardie kweekhuisgasvrystellings as gevolg van brandstofverbranding en industriële prosesse, en vlugtige vrystellings in ooreenstemming met ’n metodologie vir vrystellings- bepaling goedgekeur deur die [Departement van Omgewingsake] Departement van Bosbou, Visserye en die Omgewing.’’; kweekhuisgasvrystelling (b) deur die eerste formule ten opsigte van vlugtige vrystellings in subartikel (2)(b) deur die volgende formule te vervang: ‘‘F = (N × Q) in welke formule— (i) (ii) ten opsigte van steenkool ‘F’ die getal verteenwoordig wat bepaal staan te word; ‘N’ die massa verteenwordig uitgedruk in ton in die geval van vaste brandstof of die volume van elke soort brandstof uitgedruk in kubieke meter in die geval van brandstof buiten vaste brandstof[,] of die hoeveelheid van sintesegas geproduseer in (TJ) totale hoeveelheid van aardgas toegevoer ten opsigte van gas tot vloeistowwe; of massa van produkte geproduseer, uitgedruk in ton ten opsigte waarvan kweekhuisgasse vrygestel word, massa in ton uitgedruk wat die bron van van brandstofhout kweekhuisgasvrystellings ten opsigte van die kweek- huisgasvrystelling; en ‘Q’ die kweekhuisgasvrystellingsfaktor verteenwoordig in koolstofdioksiedekwivalent per ton [of], kubieke meter of produk geproduseer wat bepaal word ooreenkomstig die formule[—]: (c) deur item (aa) in subartikel (2)(b)(iii) deur die volgende item te vervang: tot vloeistowwe of (iii) is, ‘‘(aa) in die geval van olie en [natuurlike gas] aardgas, ‘biochar’, kooks- en houtskoolproduksie (per houtskool geproduseer), wat bepaal word ooreenkomstig die formule:’’; en (d) deur die volgende items in subartikel (2)(b)(iii) na item (bb) by te voeg: ‘‘(cc) in die geval van houtskoolproduksie (hout brandstoftoevoer), wat bepaal moet word ooreenkomstig die formule: X = [(C × 1) + (M × 23) + (N × 296) × D] / Y in welke formule— (a) ‘X’ die getal wat bepaal staan te word verteenwoordig; 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 56 Verify source ↗
No. 54448
AI-assisted research summary: The Minister may amend specified Schedule 1 tables by notice in the Gazette, and the carbon tax rate of R640/tCO2e applies to emissions above the approved carbon budget.
56 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 56 (b) (c) (d) (e) (f) ‘C’ represents carbon dioxide emissions of a fuel type determined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘CO2’ of that table; ‘M’ represents methane emissions of a fuel type deter- mined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘CH4’ of that table; ‘N’ represents Nitrous Oxide emissions of a fuel type determined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘N2O’ of that table; ‘D’ represents Net Calorific Value in the range of 0.0149 to 0.058 (TJ/TONNE); and ‘Y’ represents the number 1000; and (dd) in the case of coal and gas to liquids and other solid fuel transformation activities, which must be determined in accordance with the formula: X = (C × 1) + (M × 23) + (N × 296) in which formula— (a) (b) (c) (d) ‘X’ represents the number to be determined; ‘C’ represents carbon dioxide emissions of a fuel type determined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘CO2’ of that table; ‘M’ represents methane emissions of a fuel type deter- mined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘CH4’ of that table; and ‘N’ represents Nitrous Oxide emissions of a fuel type determined by matching the fuel type listed in the column ‘fuel type’ in Table 2 of Schedule 1 with the number in the corresponding line of the column ‘N2O’ of that table; and’’, and (e) by the addition after subsection (2) of the following subsection: ‘‘(3) The Minister may, by notice in the Gazette, amend Table 1, Table 2 and Table 3 to Schedule No.1— (a) in order to give effect to any amendments to the emission factors and net calorific values for fuel types and emission activities as approved by the Department of Forestry, Fisheries and the Environment; and (b) any notice under this section in any calendar year shall, unless Parliament otherwise provides, lapse on the last day of the next calendar year, but without detracting from the validity of such notice before it has so lapsed.’’. (2) Subsection (1) is deemed to have come into operation on 1 January 2024. Amendment of section 5 of Act 15 of 2019, as amended by section 92 of Act 34 of 2019, section 10 of Act 22 of 2020, section 6 of Act 19 of 2021 and section 38 of Act 20 of 2022 5 10 15 20 25 30 35 40 45 55. (1) Section 5 of the Carbon Tax Act, 2019, is hereby amended by the addition after 50 subsection (4) of the following subsection: ‘‘(5) The carbon tax rate of R640/tCO2e will apply to greenhouse gas emissions above the carbon budget as approved by the Department of Forestry, Fisheries and the Environment.’’. (2) Subsection (1) comes into operation with effect from a date determined by the 55 Minister of Finance by notice in the Gazette. This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 57 Wet no. 5 van 2026 57 (b) (c) (d) (e) (f) ‘C’ koolstofdioksiedvrystellings van ’n brandstofsoort verteenwoordig wat bepaal word deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘CO2’ van daardie tabel; ‘M’ die metaanvrystellings verteenwoordig van ’n brandstofsoort bepaal deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘CH4’ van daardie tabel; ‘N’ stikstofdioksiedvrystellings verteenwoordig van ’n brandstofsoort bepaal deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘N2O’ van daardie tabel; ‘D’ die Standaardverbrandingswaarde in die reeks 0.0149 tot 0.058 (TJ/TONNE) verteenwoordig; en ‘Y’ die getal 1000 verteenwoordig; en (dd) in die geval van steenkool en gas tot vloeistof en ander vaste brandstoftransformasie-aktiwiteite wat bepaal moet word ooreen- komstig die formule: X = (C × 1) + (M × 23) + (N × 296) in welke formule— (a) (b) (c) (d) ‘X’ die getal wat bepaal staan te word verteenwoordig; ‘C’ koolstofdioksiedvrystellings verteenwoordig van ’n brandstofsoort bepaal deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘CO2’ van daardie tabel; ‘M’ die metaanvrystellings verteenwoordig van ’n brandstofsoort bepaal deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘CH4’ van daardie tabel; en ‘N’ stikstofoksiedvrystellings van ’n brandstofsoort verteenwoordig bepaal deur die brandstofsoort gelys in die kolom ‘brandstofsoort’ in Tabel 2 van Bylae 1 te pas by die getal in die ooreenstemmende reël van die kolom ‘N2O’ van daardie tabel; en’’; en (e) deur die volgende subartikel na subartikel (2) in te voeg: ‘‘(3) Die Minister mag, deur kennisgewing in die Staatskoerant, Tabel 1, Tabel 2 en Tabel 3 tot Bylae No. 1 wysig— (a) om gevolg te gee aan enige wysigings tot die vrystellingsfaktore en standaard verbrandingswaardes vir brandstofsoorte en vrystellings- aktiwiteite soos deur die Departement van Bosbou, Visserye en die Omgewing goedgekeur; en (b) enige kennisgewing kragtens hierdie artikel in enige kalenderjaar sal, tensy Parlement anders voorsien, verstryk op die laaste dag van die volgende kalenderjaar, maar sonder om afbreuk aan die geldigheid van sodanige kennisgewing te doen voordat dit aldus verstryk het.’’. 5 10 15 20 25 30 35 40 45 50 (2) Subartikel (1) word geag op 1 Januarie 2024 in werking te getree het. Wysiging van artikel 5 van Wet 15 van 2019, soos gewysig deur artikel 92 van Wet 34 van 2019, artikel 10 van Wet 22 van 2020, artikel 6 van Wet 19 van 2021, artikel 38 van Wet 20 van 2022 55 55. (1) Artikel 5 van die Wet op Koolstofbelasting, 2019, word hierby gewysig deur die volgende subartikel na subartikel (4) by te voeg: ‘‘(5) Die koolstofbelastingkoers van R640/tCO2e sal van toepassing wees op kweekhuisgasvrystellings bo die koolstofbegroting soos deur die Departement van Bosbou, Visserye en die Omgewing goedgekeur.’’. 60 (2) Subartikel (1) tree in werking met ingang van ’n datum deur die Minister van Finansies by kennisgewing in die Staatskoerant bepaal. This gazette is also available free online at www.gpwonline.co.za - 58 Verify source ↗
No. 54448
AI-assisted research summary: This section changes the carbon tax rules for electricity from fossil fuels and for deductions linked to greenhouse gas sequestration.
58 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 58 Amendment of section 6 of Act 15 of 2019, as amended by section 93 of Act 34 of 2019, section 77 of Act 23 of 2020, section 63 of Act 20 of 2021, section 39 of Act 20 of 2022 and section 62 of Act 42 of 2024 56. (1) Section 6 of the Carbon Tax Act, 2019, is hereby amended— (a) by the insertion after subsection (1) of the following subsection: ‘‘(1A) The taxpayer must only be allowed a deduction as contem- plated in subsection (1)(c) and defined in subsection (4)(a) if the Department of Forestry Fisheries and the Environment confirms, in writing, the specific amount of the greenhouse emissions sequestered in tonnes of carbon dioxide equivalent for a tax period.’’; (b) by the substitution for subsection (2) of the following subsection: ‘‘(2) The amount of tax payable by a taxpayer in respect of the generation of electricity from fossil fuels conducting activities under the IPCC codes 1A1 for energy industries (including heat and electricity recovery from Waste), 1A2 for manufacturing industries and construc- tion (including heat and electricity recovery from Waste) and 1A4 for other sectors (including heat and electricity recovery from Waste) in respect of a tax period must be calculated in accordance with the formula: X = A – B [−C] in which formula— (a) ‘X’ represents the amount to be determined that must not be less than zero; ‘A’ represents the amount of tax payable in respect of a tax period determined in terms of subsection (1); ‘B’ represents an amount equal to the quantity of renewable electricity (kWh) purchased under a power purchase agreement multiplied by the renewable energy premium determined by the Minister, by notice in the Gazette in respect of a tax period, until 31 December [2025; and] 2030: Provided that the amount may not exceed the amount determined in terms of the following formula: (b) (c) Bmax = A1A1 − (Egen × Rx), in which formula— (iii) (i) (ii) ‘Bmax’ is the amount to be determined; ‘A1A1’ represents carbon tax liability specifically for electricity generators under IPCC code 1A1; ‘Egen’ represents amount of electricity generated by that entity/taxpayer (in kWh) from coal, petroleum-based liquid fuels and natural gas; and ‘Rx’ represents an amount of R0.035/kWh (3.5 cents per kWh). [(d)‘C’ represents an amount equal to the environmental levy contem- plated in respect of electricity generated in the Republic in Section B of Part 3 of Schedule 1 to the Customs and Excise Act, 1964 (Act No. 91 of 1964), paid in respect of a tax year, until 31 December 2025.]’’; (iv) (c) by the substitution for subsection (4) of the following subsection: ‘‘(4) For the purposes of this section ‘sequestrate’ means— (a) (b) the process of storing a greenhouse gas in forestry plantations and harvested wood products within the operational control of the taxpayer and third-party timber production in respect of fuel combustion emissions declared in terms of IPCC codes 1A2d for pulp, paper and print and 1A2j for wood and wood products in terms of section 4(1); or the process of storing a greenhouse gas in forestry plantations and harvested wood products within the operational control of the taxpayer and third-party timber production in respect of fuel combustion emissions declared in terms of IPCC codes 1A2d for pulp, paper and print and 1A2j for wood and wood 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 59 Wet no. 5 van 2026 59 Wysiging van artikel 6 van Wet 15 van 2019, soos gewysig deur artikel 93 van Wet 34 van 2019, artikel 77 van Wet 23 van 2020, artikel 63 van Wet 20 van 2021, artikel 39 van Wet 20 van 2022 en artikel 62 van Wet 42 van 2024 56. (1) Artikel 6 van die Wet op Koolstofbelasting, 2019, word hierby gewysig— (a) deur die volgende subartikel na subartikel (1) in te voeg: ‘‘(1A) Die belastingpligtige moet slegs ’n aftrekking toegelaat word, soos beoog in subartikel (1)(c) en omskryf in subartikel (4)(a) indien die Departement van Bosbou, Visserye en die Omgewing die bepaalde hoeveelheid van die kweekhuisgasvrystelling in ton van koolstof- dioksiedekwivalent gesekwestreer vir ’n belastingtydperk, skriftelik bevestig.’’; (b) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Die bedrag van belasting betaalbaar deur ’n belastingpligtige ten opsigte van die opwekking van elektrisiteit van fossielbrandstof waar aktiwiteite gevoer word kragtens die IPCC-kodes 1A1 vir energie- nywerhede (met inbegrip van hitte- en energieherwinning van afval), 1A2 vir vervaardigingsnywerhede en konstruksie (met inbegrip van hitte- en elektrisiteitsherwinning van afval) en 1A4 vir ander sektore (met inbegrip van hitte- en elektrisiteitsherwinning van afval) ten opsigte van ’n belastingtydperk word bereken ingevolge die formule: X = A – B [−C] in welke formule— (a) ‘X’ die bedrag verteenwoordig wat bepaal staan te word wat nie minder as nul moet wees nie; ‘A’ die bedrag van belasting betaalbaar verteenwoordig ten opsigte van ’n belastingtydperk bereken ingevolge subartikel (1); ‘B’ ’n bedrag verteenwoordig gelykstaande aan die hoeveelheid hernubare ’n kragkoop- ooreenkoms, vermenigvuldig deur die hernubare energiepremie bepaal deur die Minister, by kennisgewing in die Staatskoerant ten opsigte van ’n belastingtydperk, tot 31 Desember [2025; en] 2030: Met dien verstande dat die hoeveelheid nie die hoeveelheid bepaal ingevolge die volgende formule mag oorskry nie: (kWh) gekoop ingevolge (b) (c) energie Bmax = A1A1 − (Egen × Rx), in welke formule— (i) (ii) (iii) (iv) ‘Bmax’ die bedrag is wat bepaal staan te word; ‘A1A1’ die koolstofbelasting-aanspreeklikheid bepaal vir elektrisiteitopwekkers onder IPCC kode 1A1; ‘Egen’ die aantal elektrisiteit verteenwoordig wat opgewek is deur daardie entiteit/belastingpligtige (in kWh) van steenkool, petroleum-gebaseerde vloeisofbrandstowwe en aardgas; en ‘Rx’ ’n bedrag verteenwoordig van R0.035/kWh (3.5 sent per kWh). [(d)‘C’ ’n bedrag verteenwoordig gelyk aan die omgewingsheffing beoog ten opsigte van elektrisiteit opgewek in die Republiek in Artikel B van Deel 3 van Bylae 1 by die Doeane- en Aksynswet, 1964 (Wet. No. 91 van 1964), betaal ten opsigte van ’n belastingjaar, tot 31 Desember 2025.]’’; (c) deur subartikel (4) deur die volgende subartikel te vervang: ‘‘(4) By die toepassing van hierdie artikel beteken ‘sekwestreer’— (a) die proses van die opberg van ’n kweekhuisgas geoesde in bosbouplantasies die bedryfsbeheer van die belastingpligtige en derdeparty- houtproduksie brandstofverbrandings- vrystellings ingevolge IPCC-kodes 1A2d verklaar vir pulp, papier en druk en 1A2j vir hout en houtprodukte ingevolge artikel 4(1); of houtprodukte opsigte binne van ten en (b) die proses van die opberg van ’n kweekhuisgas in bosbouplantasies die bedryfsbeheer van die belastingpligtige en derdeparty- brandstofverbranding- houtproduksie vrystellings ingevolge IPCC-kodes 1A2d verklaar vir pulp, houtprodukte geoesde opsigte binne van ten en 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za
Part
Part 3 of Schedule 1 to the Customs and Excise Act, 1964 (Act No. 91 of
- 60 Verify source ↗
No. 54448
AI-assisted research summary: This provision changes carbon tax rules, including a R640/tCO2e rate formula, an extra allowance for qualifying taxpayers, a bar on allowances when emissions exceed the carbon budget, and a refund for tax paid above the allocated carbon budget.
60 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 60 products or increasing the carbon content of a carbon reservoir other than the atmosphere in respect of fuel combustion emissions declared in terms of section 4(2)(a).’’; and (d) by the addition after subsection (5) of the following subsection: ‘‘(6) TP = (E_actual − E_budget) × R_tax in which formula— (a) (b) ‘TP’ represents the tax payable; ‘E_actual’ represents the greenhouse gas emissions reported to the Department of Forestry, Fisheries and the Environment, as contem- plated in section 30(2)(a)(i) of the Climate Change Act, 2024; ‘E_budget’ represents an amount of carbon budget, as contem- plated in section 27 of the Climate Change Act, 2024 and determined in accordance with section 30(2)(a)(i) of that Act; and ‘R_tax’ represents a rate of tax of (R640/tCO2e).’’. (c) (d) 5 10 (2) Paragraphs (a) to (c) come into operation on 1 January 2026. (3) Paragraph (d) comes into operation with effect from a date determined by the 15 Minister of Finance by notice in the Gazette. Amendment of section 12 of Act 15 of 2019, as amended by section 64 of Act 20 of 2021 and section 66 of Act 17 of 2023 57. (1) Section 12 of the Carbon Tax Act, 2019, is hereby amended— (a) by the substitution for subsection (1) of the following subsection: ‘‘(1) Subject to subsection (2), a taxpayer that conducts an activity that is listed in Schedule 2 in the column ‘Activity/Sector’ and participates in the carbon budget system from 1 January 2021 to 31 December [2024]2025, must receive an additional allowance of five per cent of the total greenhouse gas emissions in respect of a tax period ending on or before 31 December 2025.’’; and (b) by the substitution for subsection (2) of the following subsection: ‘‘(2) A taxpayer must only receive the allowance as contemplated in subsection (1) if the [Department of Environmental Affairs] Depart- ment of Forestry, Fisheries and the Environment confirms in writing that that taxpayer is participating in the carbon budget system as referred to in subsection (1).’’. (2) Subsection (1) is deemed to have come into operation on 1 January 2025. Amendment of section 14 of Act 15 of 2019 20 25 30 35 58. (1) The Carbon Tax Act, 2019, is hereby amended by the insertion after section 14 of the following section: ‘‘14A. Where emissions are above the carbon budget as approved by the Department of Forestry, Fisheries and the Environment, no allowances contem- plated in Part II in respect of a tax period will apply.’’. 40 (2) Subsection (1) comes into operation with effect from a date determined by the Minister of Finance by notice in the Gazette. Insertion of section 17A in Act 15 of 2019 59. (1) The following section is hereby inserted in the Carbon Tax Act, 2019, after section 17: ‘‘Refund in respect of carbon budget compliance 17A. (1) Subject to subsections (2) and (3), a taxpayer will be allowed a refund of carbon tax paid under section 6(6) in respect of the quantity of the carbon dioxide equivalent of greenhouse gas emissions that exceeds the allocated carbon budget for a tax period: Provided that the conditions set out in this section are met. 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 61 Wet no. 5 van 2026 61 papier en druk en 1A2j vir hout en houtprodukte of vermeerdering van die koolstofinhoud van ’n koolstofreservoir buiten brandstof- ten verbrandingvrystellings ingevolge artikel 4(2)(a) verklaar.’’; en atmosfeer opsigte van die (d) deur die volgende subartikels na subartikel (5) in te voeg: ‘‘(6) TP = (E_actual – E_budget) × R_tax in welke formule— (a) (b) ‘TP’ die belasting betaalbaar verteenwoordig; ‘E_actual’ die kweekhuisgasvrystellings verteenwoordig wat aan die Departement van Bosbou, Visserye en die Omgewing gerapporteer is, soos beoog in artikel 30(2)(a)(i) van die ‘Climate Change Act, 2024’; ‘E_budget’ ’n hoeveelheid verteenwoordig van koolstofbegroting beoog in artikel 27 van die ‘Climate Change Act, 2024’ en bepaal ten opsigte van artikel 30(2)(a)(i) van daardie Wet; en ‘R_tax’ ’n belastingkoers verteenwoordig van (R640/tCO2e).’’. (c) (d) (2) Paragrawe (a) tot (c) tree op 1 Januarie 2026 in werking. (3) Paragraaf (d) tree in werking met ingang van ’n datum deur die Minister van Finansies by kennisgewing in die Staatskoerant bepaal. Wysiging van artikel 12 van Wet 15 van 2019, soos gewysig deur artikel 64 van Wet 20 van 2021 en artikel 66 van Wet 17 van Wet 2023 57. (1) Artikel 12 van die Wet op Koolstofbelasting, 2019, word hierby gewysig— (a) deur subartikel (1) deur die volgende subartikel te vervang: ‘‘(1) Behoudens subartikel (2), moet ’n belastingpligtige wat ’n aktiwiteit uitvoer wat gelys is in bylae 2 in die kolom ‘Aktiwiteit/ Sektor’, en deelneem aan die koolstofbegrotingsisteem van 1 Januarie 2021 tot 31 Desember [2024] 2025 ’n addisionele toelae van vyf persent van ’n belastingtydperk wat eindig op of voor 31 Desember 2025 ontvang.’’; en kweekhuisgasvrystellings opsigte totale van die ten (b) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) ’n Belastingpligtige ontvang slegs die toelae soos beoog in (1) indien die subartikel [Departement van Omgewingsake] Departement van Bosbou, Visserye en die Omgewing skriftelik bevestig dat daardie belastingpligtige deelneem aan ’n koolstofbegrotingsisteem soos in subartikel (1) vermeld. (2) Subartikel (1) word geag op 1 Januarie 2025 in werking te getree het. Wysiging van artikel 14 van Wet 15 van 2019 58. (1) Die Wet op Koolstofbelasting, 2019, word hierby gewysig deur die volgende artikel na artikel 14 in te voeg: ‘‘14A. Waar vrystellings bo die koolstofbegroting is soos deur die Departement van Bosbou, Visserye en die Omgewing goedgekeur is, sal geen toelae beoog in Deel II ten opsigte van die belastingtydperk van toepassing wees nie.’’. (2) Subartikel (1) tree in werking met bewerkstelliging vanaf ’n datum deur die Minister van Finansies by kennisgewing in die Staatskoerant bepaal. Invoeging van artikel 17A in Wet 15 van 2019 59. (1) Die volgende artikel word hierby na artikel 17 in die Wet op Koolstofbelasting, 2019, ingevoeg: ‘‘Terugbetaling ten opsigte van nakoming van koolstofbegroting betaal 17A. (1) Behoudens subartikels (2) en (3), sal ’n belastingpligtige ’n terugbetaling van koolstofbelasting toegelaat word wat kragtens artikel die 6(6) koolstofdioksiedekwivalent die toegekende koolstofbegroting vir ’n belastingtyderk oorskry: Met dien verstande dat die bepalings in hierdie artikel uiteengesit, nagekom word. van van kweekhuisgasvrystellings wat opsigte van hoeveelheid die ten is 5 10 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za - 62 Verify source ↗
No. 54448
AI-assisted research summary: Taxpayers may get a carbon-tax refund if emissions stay within the allocated carbon budget and they file a supported claim on time.
62 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 62 (2) A refund of tax paid as contemplated in subsection (1) will be allowed in respect of the first two tax periods of a carbon-budgeting period, as determined by the Department of Forestry, Fisheries and the Environment, if the cumulative actual emissions of that taxpayer for the first two tax periods and the immediately preceding tax period, as verified by the Department of Forestry, Fisheries and the Environment, are less than or equal to the cumulative carbon budget allocated to that taxpayer by the Department of Forestry, Fisheries and the Environment for the correspond- ing three tax periods. (3) A refund of tax paid, as contemplated in subsection (1), will be allowed in respect of the remainder of the carbon budgeting period, commencing from the third tax period, if the cumulative actual emissions of that taxpayer for the tax period in question and all subsequent tax periods within the carbon budgeting period are less than or equal to the cumulative carbon budget allocated to that taxpayer by the Department of Forestry, Fisheries and the Environment for those respective tax periods. (4) The claim for a refund in terms of this section must be— (a) supported by written confirmation from the Department of Forestry, Fisheries and the Environment certifying the cumulative actual emissions and the allocated carbon budget for the relevant periods; and (b) made within the year following the end of the carbon budget period, in such form and manner as the Commissioner may prescribe.’’. (2) Subsection (1) comes into operation with effect from a date determined by the Minister of Finance by notice in the Gazette. Amendment of Schedule 1 to Act 15 of 2019, as amended by section 98 of Act 34 of 2019, section 67 of Act 17 of 2023 and section 62 of Act 42 of 2024 5 10 15 20 25 60. (1) Schedule 1 to the Carbon Tax Act, 2019, is hereby amended— (a) by the substitution in the line corresponding to Fuel Type ‘‘Methane Rich Gas’’ for the value in the column ‘‘CO2 (KGCO2/TJ)’’ of the following value: 30 ‘‘[54 888] 54 891’’; (b) by the substitution in the line corresponding to Fuel Type ‘‘Methane Rich Gas’’ for the value in the column ‘‘Lower Limit of the 95% Confidence Interval’’ of the following value: ‘‘[0.0465] 0.0368’’; (c) by the substitution in the line corresponding to Fuel Type ‘‘Natural Gas’’ for the value in the column ‘‘CO2 (KGCO2/TJ)’’ of the following value: ‘‘[56 100] 55 664’’; (d) by the substitution in the line corresponding to Fuel Type ‘‘Natural Gas’’ for the value in the column ‘‘Lower Limit of the 95% Confidence Interval’’ of the following value: ‘‘[0.0465] 0.0410’’; (e) by the substitution in the line corresponding to Fuel Type ‘‘Natural Gas’’ for the value in the column ‘‘Upper Limit of the 95% Confidence Interval’’ of the following value: ‘‘[0.0504] 0.0527’’; (f) by the substitution in the line corresponding to Fuel Type ‘‘Sub-bituminous coal’’ for the value in the column ‘‘CO2 (KGCO2/TJ)’’ of the following value: ‘‘[96 100] 96 777’’; (g) by the substitution in the line corresponding to Fuel Type ‘‘Sub-bituminous coal’’ for the value in the column ‘‘Net Calorific Value’’ of the following value: ‘‘[0.0192] 0.01914’’; 35 40 45 50 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 63 Wet no. 5 van 2026 63 (2) ’n Terugbetaling van belasting betaal, soos beoog in subartikel (1), sal toegelaat word ten opsigte van die eerste twee belastingtydperke van ’n koolstofbegrotingstydperk, soos bepaal deur die Departement van Bosbou, Visserye en die Omgewing indien die kumulatiewe werklike vrystellings van daardie belastingpligtige vir die eerste twee belastingtydperke en die onmiddellike voorafgaande belastingtydperk, soos bevestig deur die Departement van Bosbou, Visserye en die Omgewing, minder as of gelyk is aan die kumulatiewe koolstofbegroting toegewys aan daardie belas- tingpligtige deur die Departement van Bosbou, Visserye en die Omgewing vir die ooreenstemmende drie belastingtydperke. sal (3) ’n Terugbetaling van belasting wat betaal is, soos beoog in subartikel toegelaat word ten opsigte van die res van koolstof- (1), begrotingstydperk wat in werking tree vanaf die derde belastingtydperk, indien die kumulatiewe werklike vrystellings van daardie belastingpligtige vir desbetreffende belastingtydperk en alle daaropvolgende belas- tingtydperke binne die koolstofbegrotingstydperk minder as of gelyk is aan die kumulatiewe koolstofbegroting toegeken aan daardie belastingpligtige deur die Departement van Bosbou, Visserye en die Omgewing vir daardie onderskeie belastingtydperke. 5 10 15 (4) Die eis vir ’n terugbetaling ingevolge hierdie artikel moet— 20 (a) ondersteun word by skriftelike bevestiging vanaf die Departement van Bosbou, Visserye en die Omgewing, wat die kumulatiewe werklike vrystellings en die toegekende koolstofbegroting vir die tersaaklike tydperke, sertifiseer; en tydens die jaar wat volg op die einde van die koolstofbegrotings- in sodanige vorm en wyse soos die Kommissaris kan tydperk, voorskryf, gemaak word.’’. (b) 25 (2) Subartikel (1) tree in werking met ingang van ’n datum deur die Minister van Finansies by kennisgewing in die Staatskoerant bepaal. Wysiging van Bylae 1 tot Wet 15 van 2019, soos gewysig deur artikel 98 van Wet 34 van 2019, artikel 67 van Wet 17 van 2023 en artikel 62 van Wet 42 van 2024 30 60. (1) Bylae 1 tot die Wet op Koolstofbelasting, 2019, word hierby gewysig— (a) deur in die reël ooreenstemmend met brandstofsoort ‘‘Metaanrykegas’’ die waarde in die kolom ‘‘CO2 (KGCO2/TJ)’’ deur die volgende waarde te vervang: ‘‘[54 888] 54 891’’; (b) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Metaanrykegas’’ die waarde in die kolom ‘‘Onderste perk van die 95% vertrouensintervals deur die volgende waarde te vervang: ‘‘[0.0465] 0.0368’’; (c) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Aardgas’’ die waarde in die kolom ‘‘CO2 (KGCO2/TJ)’’ deur die volgende waarde te vervang: ‘‘[56 100] 55 664’’; (d) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Aardgas’’ die waarde in die kolom ‘‘Onderste perk van die 95% vertrouensinterval’’ deur die volgende waarde te vervang: ‘‘[0.0465] 0.0410’’; (e) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Aardgas’’ die waarde in die kolom ‘‘Boonste perk van die 95% vertrouensinterval’’ deur die volgende waarde te vervang: ‘‘[0.0504] 0.0527’’; (f) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Sub-bitumineuse steenkool’’ die waarde in die kolom ‘‘CO2 (KGCO2/TJ)’’ deur die volgende waarde te vervang: ‘‘[96 100] 96 777’’; (g) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Sub-bitumineuse steenkool’’ die waarde in die kolom ‘‘Standaard Verbrandingswaarde’’ deur die volgende waarde te vervang: ‘‘[0.0192] 0.01914’’; 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za - 64 Verify source ↗
No. 54448
AI-assisted research summary: This section amends Schedule 2 of the Carbon Tax Act, changing several offsets allowance percentages and updating one fuel-related carbon value.
64 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 64 (h) by the substitution in the line corresponding to Fuel Type ‘‘Other bituminous coal’’ for the value in the column ‘‘CO2 (KGCO2/TJ)’’ of the following value: ‘‘[94 600] 82 912’’; and (i) by the substitution in the line corresponding to Fuel Type ‘‘Other bituminous coal’’ for the value in the column ‘‘Net Calorific Value’’ of the following value: 5 ‘‘[0.0192] 0.02651’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of Schedule 2 to Act 15 of 2019, as amended by section 99 of Act 34 of 2019, section 65 of Act 20 of 2021 and section 64 of Act 42 of 2024 10 61. (1) Schedule 2 to the Carbon Tax Act, 2019, is hereby amended— (a) by the substitution in the line corresponding to IPCC Codes ‘‘1A1a’’ to ‘‘1A5c’’ (except for 1A4b), Activity/Sector ‘‘Fuel Combustion Activities’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; (b) by the substitution in the line corresponding to IPCC Code ‘‘1B1a’’ to ‘‘1B3c’’ (except for 1B1b), Activity/Sector ‘‘Fugitive Emissions from Fuels’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[5] 10 ’’; (c) by the substitution in the line corresponding to IPCC Code ‘‘1C1’’ to ‘‘1C3’’, Activity/Sector ‘‘Carbon Dioxide Transport and Storage’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[5] 10’’; (d) by the substitution in the line corresponding to IPCC Code ‘‘2A1’’ to ‘‘2A4d’’, Activity/Sector ‘‘Mineral Industry’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[5] 10’’; (e) by the substitution in the line corresponding to IPCC Code ‘‘2A5’’ and Activity/Sector ‘‘Other (please specify)’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; (f) by the substitution in the line corresponding to IPCC Code ‘‘2B1’’ to ‘‘2B10’’, Activity/Sector ‘‘Chemical Industry’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[5] 10’’; (g) by the substitution in the line corresponding to IPCC Code ‘‘2C1’’ to ‘‘2C6’’, Activity / Sector ‘‘Metal Industry’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[5] 10’’; (h) by the substitution in the line corresponding to IPCC Code ‘‘2C7’’ and Activity / Sector ‘‘Other (please specify)’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: (i) (j) ‘‘[10] 15’’; by the substitution in the line corresponding to IPCC Code ‘‘2D1’’ to ‘‘2D4’’, Activity/ Sector ‘‘Non-Energy Products from Fuels and Solvent Use’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; by the substitution in the line corresponding to IPCC Code ‘‘2E.1’’ to ‘‘2E.5’’, Activity/ Sector ‘‘Electronics Industry’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; (k) by the substitution in the line corresponding to IPCC Code ‘‘2F1a’’ to ‘‘2F6’’, Activity/ Sector ‘‘Product Uses as Substitutes for Ozone Depleting Sub- stances’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; 15 20 25 30 35 40 45 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 65 Wet no. 5 van 2026 65 (h) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Ander bitumineuse steenkool’’ die waarde in die kolom ‘‘CO2 (KGCO2/TJ)’’ deur die volgende waarde te vervang: ‘‘[94 600] 82 912’’; en (i) deur in die reël ooreenstemmend met die brandstofsoort ‘‘Ander bitumineuse steenkool’’ die waarde in die kolom ‘‘Standaard Verbrandingswaarde’’ deur die volgende waarde te vervang: ‘‘[0.0192] 0.02651’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. Wysiging van Bylae 2 tot Wet 15 van 2019, soos gewysig deur artikel 99 van Wet 34 van 2019, artikel 65 van Wet 20 van 2021 en artikel 64 van Wet 42 van 2024 61. (1) Bylae 2 tot die Wet op Koolstofbelasting, 2019, word hierby gewysig— (a) deur in die reël ooreenstemmend met IPCC-kodes ‘‘1A1a’’ tot’’ 1A5c’’ (behalwe 1A4b), Aktiwiteit/ Sektor ‘‘Brandstofverbranding Aktiwiteite’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[10] 15’’; (b) deur in die reël ooreenstemmend met IPCC-kodes ‘‘1B1a’’ tot ‘‘1B3c’’ (behalwe 1B1b), Aktiwiteit/ Sektor ‘‘Vlugtige vrystellings van brandstowwe’’ met die die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[5] 10 ’’; (c) deur in die reël ooreenstemmend met IPCC-kodes ‘‘1C1’’ tot ‘‘1C3’’, Aktiwiteit/ Sektor ‘‘Koolstofdioksied vervoer en berging’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[5] 10’’; (d) deur in die reël ooreenstemmend met IPCC-kodes ‘‘2A1’’ tot ‘‘2A4d’’, ‘‘Minerale Nywerheid’’ die toelae in die kolom Aktiwiteit/ Sektor ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[5] 10’’; (e) deur in die reël ooreenstemmend met IPCC-kode ‘‘2A5’’ en Aktiwiteit/ Sektor ‘‘Ander (spesifiseer asseblief)’’ die toelae in die kolom’’ Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[10] 15’’; (f) deur in die reël ooreenstemmend met IPCC-kode ‘‘2B1’’ tot ‘‘2B10’’, Aktiwiteit/ die kolom‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘Chemikalieë nywerheid’’ Sektor toelae die in ‘‘[5] 10’’; (g) deur in die reël ooreenstemmend met IPCC-kode ‘‘2C1’’ tot ‘‘2C6’’, kolom Aktiwiteit/ Sektor in ‘‘Verrekeningstoelae%’’ deur die volgende toelae te vervang: ‘‘Metaalnywerheid’’ toelae die die ‘‘[5] 10’’; (h) deur in die reël ooreenstemmend met IPCC-kode ‘‘2C7’’ en Aktiwiteit/ Sektor ‘‘Ander (spesifiseer asseblief)’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: (i) (j) ‘‘[10] 15’’; deur in die reël ooreenstemmend met IPCC-kodes ‘‘2D1’’ tot ‘‘2D4’’, Aktiwiteit/ Sektor ‘‘Nie-energie Produkte van gebruik van brandstowwe en oplosmiddels’’ met die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[10] 15’’; deur in die reël ooreenstemmend met IPCC-kode ‘‘2E.1’’ tot ‘‘2E.5’’, Aktiwiteit/ die kolom‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘Elektroniese nywerheid’’ Sektor toelae die in ‘‘[10] 15’’; (k) deur in die reël ooreenstemmend met IPCC-kode ‘‘2F1’’ tot ‘‘2F6’’, Aktiwiteit/ Sektor ‘‘Produk gebruike as vervangings vir osoon-afbrekende stowwe’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae vervang: ‘‘[10] 15’’; 5 10 15 20 25 30 35 40 45 50 55 60 This gazette is also available free online at www.gpwonline.co.za - 66 Verify source ↗
No. 54448
AI-assisted research summary: This section changes several offsets allowance percentages to 15% for listed IPCC code/activity-sector entries, and says subsection (1) starts on 1 January 2026.
66 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 66 (l) by the substitution in the line corresponding to IPCC Code ‘‘2G1a’’ to ‘‘2G4’’, Activity/ Sector ‘‘Other Product Manufacture and Use’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; (m) by the substitution in the line corresponding to IPCC Code ‘‘2H1’’ to ‘‘2H3’’, Activity/ Sector ‘‘Other’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; (n) by the substitution in the line corresponding to IPCC Code ‘‘4C1’’ and Activity/ Sector ‘‘Waste Incineration’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’; and (o) by the substitution in the line corresponding to IPCC Code ‘‘5A’’ and ‘‘5B’’, Activity/ Sector ‘‘Other’’ for the allowance in the column ‘‘Offsets allowance %’’ of the following allowance: ‘‘[10] 15’’. (2) Subsection (1) comes into operation on 1 January 2026. Amendment of section 46 of Act 42 of 2024 - 62 Verify source ↗
Section 46 of the Taxation Laws Amendment Act, 2024, is hereby amended—
AI-assisted research summary: This provision amends section 46 of the Taxation Laws Amendment Act, 2024 by changing when two paragraphs start to operate.
62. Section 46 of the Taxation Laws Amendment Act, 2024, is hereby amended— (a) by the substitution for subsection (2) of the following subsection: ‘‘(2) Paragraph (a) of subsection (1) comes into operation on 1 January [2023] 2025.’’; and (b) by the addition after subsection (3) of the following subsection: ‘‘(4) Paragraph (c) of subsection (1) comes into operation on 1 January 2025.’’. 5 10 15 20 25 Amendment of section 1 of Act 46 of 2024 63. (1) Section 1 of the Global Minimum Tax Act, 2024 (Act No. 46 of 2024), is hereby amended— (a) by the insertion after paragraph (c) of the definition of ‘‘Administrative Guidance to the GLoBE Model Rules’’ of the following paragraph: 30 ‘‘(cA)OECD (2024), Tax Challenges Arising from the Digitalisation of the Economy – Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two), June 2024, OECD/G20 Inclusive Framework on BEPS, OECD, Paris;’’; and (b) by the substitution for paragraph (b) of the definition of ‘‘Global Anti-Base Erosion Model Rules’’ or ‘‘GloBE Model Rules’’ of the following paragraph: ‘‘(b) as amended and released from time to time, except any amend- ments to the definition of minimum rate in Article 10.1.1 of the GloBE Model Rules referred to in paragraph (a), as specified under section 23;’’. 35 40 (2) Subsection (1) is deemed to have come into operation on 1 January 2024. Amendment of section 2 of Act 46 of 2024 64. (1) Section 2 of the Global Minimum Tax Act, 2024, is hereby substituted by the following section: ‘‘2. For purposes of this Act, the GloBE Model Rules apply for a Fiscal Year on 45 the basis of the— (a) GLoBE Model Rules as amended and released before the start of the Fiscal Year; (b) Commentary to the GloBE Model Rules released before the start of the Fiscal Year; [(b)](c) Administrative Guidance to the GloBE Model Rules released before the start of the Fiscal Year: Provided that paragraph (cA) of the definition of ‘‘Administrative Guidance to the GLoBE Model Rules’’ will apply for fiscal years commencing on or after 1 January 2024; and [(c)](d) Safe Harbours released before the start of the Fiscal Year.’’. (2) Subsection (1) is deemed to have come into operation on 1 January 2024. 50 55 This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 67 Wet no. 5 van 2026 67 (l) deur in die reël ooreenstemmend met IPCC-kode ‘‘2G1a’’ tot ‘‘2G4’’, Aktiwiteit/ Sektor ‘‘Ander produkvervaardiging en gebruik’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[10] 15’’; (m) deur in die reël ooreenstemmend met IPCC-kode ‘‘2H1’’ tot ‘‘2H3’’, Aktiwiteit/ Sektor ‘‘Ander’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae vervang: ‘‘[10] 15’’; (n) deur in die reël ooreenstemmend met IPCC-kode ‘‘4C1’’ en Aktiwiteit/ Sektor ‘‘Afval verassing’’ die toelae in die kolom‘‘Verrekeningstoelae %’’ deur die volgende toelae te vervang: ‘‘[10] 15’’; en (o) deur in die reël ooreenstemmend met IPCC-kode ‘‘5A’’ en ‘‘5B’’, Aktiwiteit/ Sektor ‘‘Ander’’ die toelae in die kolom ‘‘Verrekeningstoelae %’’ deur die volgende toelae vervang: ‘‘[10] 15’’. (2) Subartikel (1) tree op 1 Januarie 2026 in werking. Wysiging van artikel 46 van Wet 42 van 2024 - 62 Verify source ↗
Artikel 46 van die Wysigingswet op Belastingwette, 2024, word hierby
AI-assisted research summary: This provision amends earlier tax legislation and the Global Minimum Tax Act, including commencement dates and definitions for GloBe-related rules and guidance.
62. Artikel 46 van die Wysigingswet op Belastingwette, 2024, word hierby gewysig— 5 10 15 20 (a) deur subartikel (2) deur die volgende subartikel te vervang: ‘‘(2) Paragraaf (a) van subartikel (1) word geag op 1 Januarie [2023] 2025 in werking te getree het.’’; en (b) deur die volgende subartikel na subartikel (3) by te voeg: ‘‘(4) Paragraaf (c) van subartikel (1) tree op 1 Januarie 2025 in 25 werking.’’. Wysiging van artikel 1 van Wet 46 van 2024 63. (1) Artikel 1 van die Wet op Globale Minimum Belasting, 2024 (Wet No. 46 van 2024), word hierby gewysig— (a) deur na paragraaf (c) van die omskrywing ‘‘Administratiewe Riglyne tot die 30 GloBe-modelreëls’’ die volgende paragraaf in te voeg: ‘‘(cA)OECD (2024), ‘Tax Challenges Arising from the Digitalisation of the Economy–Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two)’, Junie 2024, OECD/G20 Inklusiewe Raamwerk op BEPS, OECD, Parys;’’; en (b) deur paragraaf (b) van die omskrywing van ‘‘Globale Anti-basiserosie- modelreëls’’ of ‘‘GloBe-modelreëls’’ deur die volgende paragraaf te vervang: ‘‘(b) soos van tyd tot tyd gewysig en vrygestel, behalwe enige wysigings tot die omskrywing van ‘‘minimum rate’’ in Artikel 10.1.1 van die GloBe-modelreëls in paragraaf (a) kragtens artikel 23 gespesifieer;’’. (2) Subartikel (1) word geag op 1 Januarie 2024 in werking te getree het. Wysiging van artikel 2 van Wet 46 van 2024 64. (1) Artikel 2 van die Wet op Globale Minimum Belasting, 2024, word hierby deur die volgende artikel vervang: ‘‘2. Vir doeleindes van hierdie Wet, is die GloBe-modelreëls van toepassing vir ’n Fiskale Jaar op die basis van die— (a) GloBe-modelreëls soos gewysig en vrygestel voor die begin van die 35 40 45 Fiskale Jaar; (b) Kommentaar tot die GloBE-modelreëls vrygestel voor die aanvang van 50 die Fiskale Jaar; [(b)](c) Administratiewe Riglyne tot die GloBe-modelreëls vrygestel voor die aanvang van die Fiskale Jaar: Met dien verstande dat paragraaf (cA) van die omskrywing van ‘Administratiewe Riglyne tot die GloBe-modelreëls’ sal van toepassing wees vir Fiskale Jare wat in werking tree op of na 1 Januarie 2024; en [(c)](d) Veilige Hawens vrygestel voor die aanvang van die Fiskale Jaar.’’. 55 (2) Subartikel (1) word op 1 Januarie 2024 in werking te getree het. This gazette is also available free online at www.gpwonline.co.za - 68 Verify source ↗
No. 54448
AI-assisted research summary: This section is titled “Continuation of certain changes” in relation to section 23 of Act 46 of 2024.
68 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 Act no. 5 of 2026 Taxation laws Amendment Act, 2026 68 Continuation of certain changes in respect of section 23 of Act 46 of 2024 - 65 Verify source ↗
Changes to ‘‘Administrative Guidance to the GloBE Model Rules’’ and ‘‘Com-
AI-assisted research summary: The listed changes to the GloBE Administrative Guidance and Commentary do not lapse because of section 23(2).
65. Changes to ‘‘Administrative Guidance to the GloBE Model Rules’’ and ‘‘Com- mentary to the GloBE Model Rules’’, as contemplated in the Global Minimum Tax Act, 2024, made by Government Notice No. 6461, published in Government Gazette No. 53096 of 31 July 2025, shall not lapse by virtue of section 23(2) of that Act. 5 Short title - 66 Verify source ↗
This Act is called the Taxation Laws Amendment Act, 2026.
AI-assisted research summary: This section says the Act is called the Taxation Laws Amendment Act, 2026.
66. This Act is called the Taxation Laws Amendment Act, 2026. This gazette is also available free online at www.gpwonline.co.za Wysigingswet op Belastingwette, 2026 STAATSKOERANT, 1 ApRil 2026 No. 54448 69 Wet no. 5 van 2026 69 Voortsetting van sekere veranderinge ten opsigte van artikel 23 van Wet 46 van 2024 - 65 Verify source ↗
Veranderinge tot ‘‘Administratiewe Riglyne tot die GloBe-modelreëls’’ en
AI-assisted research summary: The listed changes to the GloBE administrative guidelines and commentary do not lapse because of section 23(2) of the Act.
65. Veranderinge tot ‘‘Administratiewe Riglyne tot die GloBe-modelreëls’’ en ‘‘Kommentaar tot die GloBE-modelreëls’’, soos beoog in die Wet op Globale Minimum Belasting, 2024, gemaak in Goewermentskennisgewing No. 6461, uitgegee in Staatskoerant No. 53096 van 31 Julie 2025, sal nie verstryk uit hoofde van artikel 23(2) van daardie Wet nie. 5 Kort titel - 66 Verify source ↗
Hierdie Wet heet die Wysigingswet op Belastingwette, 2026.
AI-assisted research summary: This section states the Act’s title: the Tax Laws Amendment Act, 2026.
66. Hierdie Wet heet die Wysigingswet op Belastingwette, 2026. This gazette is also available free online at www.gpwonline.co.za 70 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 1 ApRil 2026 No. 54448 71 This gazette is also available free online at www.gpwonline.co.za 72 No. 54448 GOVERNMENT GAZETTE, 1 ApRil 2026 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065
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