CentaTax

CentaTax As a specialist VAT consulting firm, we are trusted by clients to resolve complex tax challenges with precision and compliance.

VAT IT SA is part of the global VAT IT group which is one of the leading Value-Added Tax (“VAT”) reclaim companies in the world. VAT IT offers to reclaim services to over 13 000 companies in 117 countries globally which include some of the major international banks, mining groups, telecommunication providers, manufacturing, major public entities, insurance groups, and various listed companies. We

are based in Johannesburg South Africa and work together with our international offices to ensure that our clients can rely on our global footprint. Our services are therefore not limited to South African VAT but we also provide our Clients with International Indirect Tax Consulting and Compliance Services. With our extensive experience, we understand the important role of specialist service providers and that each and every opportunity to reduce expenses and/or optimize profitability should be pursued.

Thinking of deregistering for VAT under the new R2.3 million threshold? Proceed with caution.The recent 2026 Budget incr...
16/06/2026

Thinking of deregistering for VAT under the new R2.3 million threshold? Proceed with caution.

The recent 2026 Budget increase of the compulsory VAT registration threshold from R1 million to R2.3 million offers welcome administrative relief for many growing businesses. However, opting to deregister is not as simple as submitting a form.

When you cease to be a VAT vendor, SARS requires you to account for "deemed exit VAT". This means you must declare output tax on the lesser of the cost or open market value of all enterprise assets and trading stock on hand where input tax was previously claimed. For asset-heavy businesses, this sudden VAT liability can create a severe cash flow crisis.

Before making a move, it is crucial to weigh the long-term benefits of reduced administration against the immediate financial impact of exit taxes and your clients' preference to trade with registered vendors.

Make the right strategic choice for your business. Contact CentaTax for a comprehensive VAT deregistration impact assessment.

📧 [email protected] | 🌐 www.centatax.com

The era of invisible crypto assets has come to an end in South Africa.With the implementation of the Crypto Asset Report...
11/06/2026

The era of invisible crypto assets has come to an end in South Africa.

With the implementation of the Crypto Asset Reporting Framework (CARF) on 1 March 2026, taxpayer uncertainty is high, but the SARS mandate is clear. Crypto-Asset Service Providers are now required to collect user information and transaction data, reporting it to SARS in an internationally aligned format.

SARS treats cryptocurrency as an intangible asset, meaning your transactions are fully taxable under either normal income tax rules or Capital Gains Tax (CGT), depending on your trading behaviour. With data collection underway and global reporting systems now active, failing to declare crypto profits or holdings is a significant risk that could lead to audits and severe penalties.

Whether you are a casual investor or managing a large digital portfolio, your crypto activities must be accurately integrated into your broader tax strategy.

Do not let crypto complexities trigger a SARS audit. Speak to our tax professionals for clear guidance on digital asset compliance.

🌐 www.centatax.com/contact-us/
📞 +27 (011) 262 6626

09/06/2026

Expertise.
Global perspective.
Solutions that take your business light years ahead.
CentaTax.

For expert guidance on Tax compliance and system adjustments.
[email protected]
or visit our website: https://www.centatax.com

The grace period for Trust compliance is officially over.As of 4 May 2026, SARS has begun applying automatic monthly adm...
04/06/2026

The grace period for Trust compliance is officially over.

As of 4 May 2026, SARS has begun applying automatic monthly administrative penalties to trusts with outstanding income tax returns. This aggressive enforcement measure signals a clear shift in how SARS views trust administration.

Historically, many trustees treated trust tax submissions as a secondary priority. That approach will now result in compounding financial penalties. Whether your trust is actively trading, holding property, or completely dormant, it remains a registered taxpayer with strict annual filing obligations. The deadline for the 2026 year of assessment is set for 22 January 2027, but historical non-compliance must be addressed immediately to halt ongoing penalties.

Trustees carry a fiduciary duty to manage these entities responsibly. Failing to maintain SARS compliance puts both the trust assets and the trustees at risk.

Are your trust's tax affairs up to date? Contact our specialist advisory team today to resolve outstanding returns and mitigate penalty exposure.

📧 [email protected] | 🌐 www.centatax.com

The 2026 tax filing season deadlines are officially confirmed. Are you prepared?SARS has published the critical dates fo...
02/06/2026

The 2026 tax filing season deadlines are officially confirmed. Are you prepared?

SARS has published the critical dates for the 2026 year of assessment. Non‑provisional individual taxpayers must submit their returns by 23 October 2026, while provisional taxpayers and trusts have until 22 January 2027.

SARS will once again issue bulk auto‑assessments in July. However, simply accepting an automated calculation without review can be a costly mistake. Auto‑assessments are based on third‑party data and may not reflect all income or legitimate deductions, including qualifying medical expenses and, from the 2027 tax year, the increased retirement fund contribution cap of R430,000.

If you do not review and correct an inaccurate auto‑assessment before the deadline, it will generally stand as your final assessment for the year.

Do not leave your tax position to automation. Ensure you claim every deduction you are legally entitled to.

Need assistance navigating the 2026 filing season? Let our compliance experts handle your personal and provisional tax returns with precision.

🌐 www.centatax.com | 📞 +27 (011) 262 6626

As we look ahead to the 2027 financial year, the South African corporate tax rate remains steady at 27%. However, SARS’ ...
28/05/2026

As we look ahead to the 2027 financial year, the South African corporate tax rate remains steady at 27%. However, SARS’ enforcement approach has significantly evolved. The revenue authority is increasingly relying on AI-enabled risk selection, advanced data analytics, and third-party data matching to identify discrepancies in complex corporate positions.

While traditional verification processes remain in place, SARS is placing growing emphasis on interpretation-based audits, particularly in areas such as cross-border transactions, intra-group restructures, and transfer pricing models. A single mischaracterisation in your Corporate Income Tax (CIT) return can trigger automated queries and potentially significant financial consequences.

In this environment, proactive planning is essential to ensure that commercial substance aligns closely with tax declarations before anomalies are flagged.

Protect your business from unexpected assessments.
Connect with our Corporate Tax Directors today to stress-test your 2027 CIT strategy: www.centatax.com/contact-us/

📧 [email protected] | 📞 +27 (011) 262 6626

26/05/2026

Simplify the process.
Streamline complexity.
Empower better decisions.
CentaTax.

For expert guidance on Tax compliance and system adjustments.
[email protected]
or visit our website: https://www.centatax.com

21/05/2026

Why CentaTax?

🔹Expertise.
🔹Global perspective.
🔹Solutions that take your business light years ahead.

For expert guidance on Tax compliance and system adjustments.
[email protected]
or visit our website: https://www.centatax.com

Tax Tip: Did you know about VAT on Insurance Claims?Many businesses overlook this critical detail: If your company is a ...
19/05/2026

Tax Tip: Did you know about VAT on Insurance Claims?

Many businesses overlook this critical detail: If your company is a registered VAT vendor
and receives an indemnity payment from an insurance claim, that payout is deemed to
be inclusive of VAT!

You must declare the output VAT on the insurance claim under block 1A of your VAT201
return. Failing to do so is a common trigger for SARS audits.

Stay compliant and avoid unexpected tax liabilities by ensuring your accounting
records perfectly reconcile with your VAT returns.

For smart advice and trusted service on complex VAT matters, partner with CentaTax.
[email protected] or learn more at www.centatax.com

Is your Corporate Income Tax (CIT) strategy optimised for 2026? With the South African corporate tax rate at 27%, proact...
14/05/2026

Is your Corporate Income Tax (CIT) strategy optimised for 2026?

With the South African corporate tax rate at 27%, proactive tax planning is essential. A
resident company is subject to CIT on its worldwide income, making cross-border
transactions and foreign debt particularly complex.

At CentaTax, we don’t just solve isolated issues; we consider the full spectrum of tax
and commercial consequences to deliver advice that aligns with your strategic
objectives.

Ready to optimise your tax position and mitigate risk?
Request a meeting with our team today: [email protected] or visit our website: https://www.centatax.com

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