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Accounting

South Africa 2026/2027 tax update guide highlighting key compliance changes

Understanding South Africa’s 2026/2027 Tax Landscape: Key Updates and How to Stay Compliant

South Africa’s 2026/2027 Budget brings a mix of stability and change. Headline tax rates remain largely unchanged, yet the Treasury signalled a tightening of compliance and important adjustments to thresholds, rebates and allowances. To help our clients navigate these changes confidently, Bonakude has prepared a concise summary of the 2026/2027 Tax Guide and a practical discussion of what the Budget means for individuals and businesses.

UIF Contribution Ceiling Increase

What is the UIF? The Unemployment Insurance Fund (UIF) gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption leave, or illness. It also provides relief to the dependants of a deceased contributor. The unemployment insurance system in South Africa is governed by the following legislation: • […]