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Budget 2026: What it actually means for your pocket

  Written by Patrick  

When the Budget comes out, most people just want to know one thing: what does this mean for me? Here’s a clear, simple breakdown.

Here’s the short version: tax brackets have been adjusted, some thresholds have gone up, and a proposed R20 billion in additional tax increases has been scrapped. It’s not a dramatic Budget, but there are real wins worth knowing about.

Let’s break it all down in plain English.

 

First, the big pic...



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Crypto Traders: What You Need to Know Before You Filing your IRP6

  Written by Patrick  

Crypto and your IRP6 provisional tax estimate

IRP6 deadlines: Provisional taxpayers submit IRP6 payments twice a year, on the last business day of August and the last business day of February. The February payment is the second and final estimate for the tax year.

Crypto counts: Selling, swapping, staking, DeFi rewards and NFT disposals can all affect your taxable income.

Swapping crypto is t...



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5 Reasons you Still Need to File your Tax Return

  Written by Evan  


SARS 2025 tax season dates:

21 July 2025 to 20 October 2025: individual (non-provisional) taxpayers

21 July 2025 to 19 January 2026: provisional taxpayers

If you earn less than R500 000 in a tax year and fulfil a series of complicated criteria, you may not have to file a tax return in 2025. 


However, we advise you to take GREAT CARE here, and understand your duties properly, because if you don't, you may suffer for it later on.

Here are the top 5 reasons why you should not  skip filing your tax return this season:

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Individual Tax Rate Tables

  Written by Patrick  


The 2026 Budget introduces inflationary adjustments to 2027 tax brackets and rebates, offering welcome relief to taxpayers after two years with no adjustments.

Please click on our updated take-home pay calculator to see your salary for the new tax year.



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Budget 2026: a small win for taxpayers

  Written by Nicci  

 

Finance Minister Enoch Godongwana delivered some welcome relief for taxpayers in the 2026 Budget, with inflationary adjustments to personal income tax brackets and medical tax credits helping to ease the impact of bracket creep after two years of no changes...



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Capital Gains Tax

  Written by Patrick  

What is Capital Gains Tax?  Capital Gains Tax was introduced on 1 October 2001...


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Donation Tax - All you need to know

  Written by Patrick  

Receive a gift or donation from a generous family member or friend recently? Or, maybe you've just donated money, shares or even a house to someone you felt deserved it? Either way, if you’re the giver or receiver of a donation or gift, you should know that SARS needs to be notified of these donations, plus you should understand how to declare them from a tax perspective. Let's find out more....



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Medical Expenses & Tax

  Written by Patrick  



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Tax & Retirement- What you need to know

  Written by Patrick  

What’s...


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The Complete Tax Deductibles Guide

  Written by Patrick  



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Provisional Tax

  Written by Patrick  



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Tax guide for salary earners (IRP5)

  Written by Patrick  



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Provisional Taxpayers

  Written by Elani  

Click here to find out if you are a provisional taxpayer.

Provisional taxpayers are people who earn income other than a salary / remuneration. If you earn any of the following income, you may be a provisional taxpayer even if you also earn a salary:

  • Rental Income
  • Interest and investment income
  • Freelance/business Income
  • Othe...


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Tax on Investments - What you need to know

  Written by Patrick  



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Medical Tax Credits

  Written by Evan  

The medical tax credit, brought in from the 2013 tax year provides for a monthly credit against your tax owing to SARS. If you and/or your dependents belong to a medical aid then you will receive in 2027, a R376  (R364 in 2026) medical tax credit per month for the first two members and a further R254 in 2027 (R246 in 2026) per month for every other member or dependent on the same policy. The credit will be deducted automatically from your tax payable. This is different from the previous ...



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Tax101 Become Tax Savvy with 5 Easy Lessons

  Written by Ursula  



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The “RA Hack” That Can Lower Your Tax Bill This Year

  Written by Patrick  

Every bank and investment house is telling you to “save for your future” by topping up your Retirement Annuity (RA) before the tax year ends on 28 February.

At TaxTim, we look at it slightly differently.

Yes, an RA is about retirement. But it is also one of the most powerful legal ways to reduce your tax bill right now.

Let’s break it down.

The “discounted investment” effect

When you contribute to a Retir...



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How to Update Your SARS Contact Details Without Logging In

  Written by Ursula  

If you’re not receiving your SARS eFiling OTP, you’re not alone. This usually happens when SARS has an old cellphone number or email address on record.

The good news?
You can update your SARS contact details directly from the SARS home page — without logging in.

Below is a simple, step-by-step guide to help you fix this and start receiving your OTP code again.



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Is the income declared on my IRP6 supposed to show on my ITR12?

  Written by Alicia  

I am filing my ITR12 for the 2024 tax year and my form is only showing income derived from Investments. I am a provisional tax payer and I've submitted my IRP6s on time. Should this income be appearing on my ITR12?

Help with Crypto Calculations

  Written by Ursula  

Crypto tax help for TaxTim users
Get your crypto figures right before February and before you file

If you’re a South African provisional taxpayer with crypto activity, it’s important to make sure your gains and income are correctly reflected...



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Crypto Gains? Don’t Risk a SARS Surprise in February

  Written by Patrick  

Between year-end deadlines and the December break, crypto is easy to ignore, until SARS doesn’t ignore it.

If you’re a South African provisional taxpayer who trades, stakes, farms, or flips cryptocurrencies or NFTs, your crypto activity from 1 March 2025 to 28 February 2026 forms part of your 2026 year of assessment. Your second provisional payment due in February 2026 must already reflect that income, or you risk penaltie...



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New SARS Crypto Rules: The Big Shift Coming in 2026

  Written by Patrick  

“South Africa is proposing new international reporting rules that will give SARS significantly greater visibility into your crypto transactions beginning 1 March 2026, with the first domestic reporting submissions in 2027 and international exchanges expected around September 2027.. Crypto platforms will be required to report your trades, transfers and wallet activity.”

South Africa is getting ready for one of the biggest shifts in how crypto is taxed...



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I live abroad and earn rental income in SA. is this submitted normally?

  Written by Alicia  

I worked abroad and want to file my tax return? I have worked abroad for the full year and fall under all points that my salary wouldn't be taxed in SA. I still own a property in SA and receive rental income the property income - expenses made a loss due to renovations, how is this complicated situation be calculated and do I just submit a normal tax income?

CGT on sale of jointly owned primary residence

  Written by Alicia  

How is the capital gain on the sale of a primary residence split between owners? Where do I specify there are two owners? Your system does not allow me to enter the ownership percentages, how do I inform SARS that my wife and I each own 50% of the property?

This query relates to question 17814 "Did you own the asset jointly? This means you owned it together with someone else." in the Capital Gains/Losses section.

Sec 20 A amount

  Written by Alicia  

I can't successfully submit my tax due to a sec20A response from SARS eFiling, do you have any idea what this means?
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