SARS Provides New and Updated Guidance on Submitting Global Minimum Tax (GMT) Returns and Payment

The South African Revenue Service (SARS) has announced new and updated guidance on submitting Global Minimum Tax (GMT) Returns and payment.

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Global Minimum Tax Updates

1 June 2026 – The Global Anti-Base Erosion (GloBE) Model Rule—Pillar Two establishes a structured framework for calculating effective tax rates (ETRs) and administering top-up taxes in jurisdictions where the ETR falls below the 15% minimum threshold.

A Multi-National Enterprise (MNE) must submit the Global Minimum Tax…