SARS Expands VDP Guidance, but Interest Relief Uncertainty Remains
SARS has issued an updated guide to the Voluntary Disclosure Programme (VDP), offering expanded guidance on defaults, incomplete disclosures, tax positions, audits, verifications, prescription and understatement implications. The updated guide provides taxpayers and practitioners with greater clarity on how SARS interprets the VDP framework in practice. However, it remains silent on the remission of interest in VDP matters, despite anticipated legislative amendments following the *Medtronic* judgment. This leaves taxpayers uncertain about how interest relief will be handled when regularising historic tax defaults. The update reinforces the need for careful, strategic tax advice when approaching VDP applications.
3-minute read
Fuel Levy Relief Ends as Government Phases Back R17.2 Billion Revenue Measure
Finance Minister Enoch Godongwana has confirmed that government’s temporary fuel levy relief will be phased out from June, after costing the fiscus around R17.2 billion in foregone revenue. The measure, introduced to cushion consumers and businesses from rising fuel prices, reduced the general fuel levy by R3 per litre. From June, R1.50 per litre will be added back, with the remaining R1.50 expected to return in July. While petrol prices may still rise despite improved fuel recoveries, diesel users could see some relief as recoveries strengthen. The development highlights the balance between short-term consumer support and long-term fiscal sustainability.
3-minute read
Investment Basics Remain Key to Long-Term Financial Planning
The article highlights the importance of returning to the fundamentals when making investment decisions.
It notes that investors should understand their goals, risk appetite and time horizon before choosing investment products.
Diversification, patience and disciplined decision-making remain central to building long-term wealth.
The article cautions against reacting emotionally to market noise or chasing short-term trends.
The key message is that sound investing starts with simple principles, clear planning and consistent action.
3-minute read
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