The 2025/2026 budget includes the following tax proposals:
- Additional anti-avoidance measures would be introduced into section 8EA of the Income Tax Act relating to third-party backed shares.
- The definition of 鈥渉ybrid-equity instruments鈥� in section 8E of the Income Tax Act would be amended to address schemes that circumvent the application of the anti-avoidance provisions in relation to preference shares.
- Various amendments are proposed to the interest limitation provisions contained in section 23N and section 23M of the Income Tax Act.
Read a聽聽prepared by the 乐鱼（Leyu）体育官网 member firm in South Africa that details further tax proposals concerning:
- Individual income tax (including capital gains tax, allowances, fringe benefits, exemptions, deductions, medical and disability expenses)
- Tax-free savings and investment accounts
- Taxation of lump sum benefits
- Payroll taxes
- Value added tax (VAT)
- Corporate income tax
- Tax incentives
- Provisional tax
- International tax
- Customs and excise
- Environmental taxes
- Transfer duty and securities transfer tax
- Estate duty and donations tax