2026 Annual Budget and Tax Update - Part 1
Presenters : Diane Seccombe
Overview
The Minister of Finance provides a tax roadmap for the year ahead in his annual Budget Speech. Treasury and SARS indicate a focus on offshore transactions and trusts, information gathering, and the closure of tax avoidance arrangements involving collective investment schemes in the latest Tax Amendments. Join us as we examine the tax aspects of the 2026 Budget speech and the far-reaching impact of the relevant taxation amendments from 2025 in this video.
Workshop Content
The Taxation Amendments examine the latest changes, including:
- Relevant tax aspects of the 2026 Budget Speech
- Taxation of trusts and trust beneficiaries, with a specific focus on residents
- New asset for share rollover rules
- Removal of tax avoidance schemes involving collective investment schemes (CIS)
- New rules for taxation of CIS distributions and capital gains tax
- Penalties for late submission of trust returns
- Ringfencing of assessed losses
- Expansion on information gathering powers
- New section 7C Interpretation note
- VAT Amendments