26/02/2026
The 2026 Budget Speech has announced an increase in the compulsory VAT registration threshold from R1 million to R2.3 million, effective 01 April 2026.
⚠️ It is important to note that this change has been announced but is not yet formally enacted into law. Until the amendment to the VAT Act is passed and gazetted, the current R1 million threshold remains in effect.
If your business has recently exceeded R1 million in turnover or is considering VAT deregistration, it is crucial not to make assumptions before reviewing the final legislation and your specific circumstances.
Every business is unique, and the impact of registration or deregistration can influence cash flow, pricing, and compliance.
We are monitoring developments closely and will provide updates as soon as the amendment is officially enacted.
Take control of your VAT compliance today. Book a consultation with our experts and get a clear, strategic assessment of your VAT position.
www.its-group.co.za