Proposed Tax Changes Are on the Horizon — Is Your Business Ready?
The 2026 Draft Taxation Laws Amendment Bill (TLAB) and Draft Tax Administration Laws Amendment Bill (TALAB) introduce several proposed changes that could affect taxpayers, businesses and tax compliance.
Understanding these proposals now — while they’re still open for public comment — gives businesses and individuals valuable lead time to prepare for whatever changes are ultimately finalised.
Key Proposals to Know About
Some of the notable proposals in the draft bills include:
Updated documentation requirements for second-hand goods
Changes to tax refund screening by banks
Amendments affecting tax compliance procedures
Changes to spousal donation tax exemptions
Extended eligibility for certain medical tax credits
Each of these could have a direct impact on how individuals and businesses manage their tax affairs, from record-keeping practices to eligibility for exemptions and credits.
What SARS Will Never Ask For
SARS has made it clear that it will never ask for your banking passwords, PINs, CVVs or one-time PINs (OTPs) via email, SMS or telephone. Any communication requesting this kind of sensitive information should be treated as a scam, regardless of how convincing it appears.
These Are Draft Proposals — For Now
It’s important to note that these are draft proposals and are currently open for public comment before being finalised.
Nothing here is set in stone yet, but the direction of travel gives useful insight into where tax policy may be heading.
Why This Matters Now
How Weyers Accounting Services Can Help
At Weyers Accounting Services, we keep a close eye on legislative developments so our clients remain compliant, informed and ready for change. As these bills move through the public comment process and toward finalisation, we’ll continue to monitor developments and keep our clients updated on what it means for them.
Contact Weyers Accounting Services
083 413 3674
mari@weyersas.co.za
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