Share with your friends

South Africa: Tax highlights from 2019 budget speech

South Africa: Tax highlights from 2019 budget speech

The Minister of Finance on 20 February 2019 delivered the budget speech for 2019, and while the 2019 budget proposals would not increase taxes in any category, it is proposed to increase tax collection by not adjusting for inflation and by improving the efficiency of SARS.


Related content

The budget speech proposals include the following:

  • Appointment of a new commissioner for the South African Revenue Service (SARS) in the near future
  • Re-establishment of the SARS Large Business Unit
  • Investigations by the SARS Illicit Economy Unit of potential tax-related offences in high-risk sectors (such as the tobacco industry) in relation to activities highlighted by various commissions of enquiry
  • Strengthening the SARS information technology systems
  • Harnessing opportunities arising from information-sharing agreements with other national tax authorities
  • Appointment of an inspector-general for tax administration

Read a February 2019 report [PDF 124 KB] prepared by the KPMG member firm in South Africa

Read a tax guide 2019-2020 [PDF 622 KB] prepared by the KPMG member firm in South Africa to provide the tax rates and an overview of the tax regime in South Africa

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal