OrbitaxSouth Africa 2026 Budget Delivered Including VAT Registration Threshold Increase, Adjustments for Inflation, and Other Proposals
|Proposed Changes|South Africa
South Africa's Minister of Finance, Enoch Godongwana, delivered the 2026 Budget Speech on 25 February 2026. Specific proposed measures include the following:
- The compulsory VAT registration threshold is increased from ZAR 1 million to ZAR 2.3 million from 1 April 2026, and the voluntary VAT registration threshold is increased from ZAR 50,000 to ZAR 120,000;
- Personal income tax brackets/rates …