The South African Reserve Bank (SARB) is quietly preparing the next phase of its digital currency journey. Insiders reveal that by 2026, SARB plans to launch a Digital Rand pilot focused on VAT-linked transactions for small and medium enterprises (SMEs). Unlike crypto experiments, this is a central bank digital currency (CBDC) initiative state-backed, regulated, and…
South Africa’s National Treasury is quietly preparing one of its boldest fiscal shifts in decades: the introduction of a Climate Transition Levy on carbon-intensive industries. Unlike the existing carbon tax, which has been criticized as limited and unevenly applied, the new levy is designed to directly target mining, energy, and heavy manufacturing companies. See Also: SASSA…
South Africa’s National Treasury is drafting proposals to temporarily reduce VAT on household solar panels, inverters, and batteries. The plan, under discussion for the 2026 Budget, aims to accelerate adoption of small-scale renewable energy and reduce the burden of load-shedding on households. See Also: SASSA Status Check If approved, the reform would mark the first…
In early August, the officials from Nigerians Government and finance managers described Federal Inland Revenue Service (FIRS) interest in crypto-denominated payrolls. These posts part advisory, part cautionary tale say that FIRS appears to be profiling startups and scale ups that compensate remote staff in Bitcoin or stablecoins. If you are South African citizen and availing…
In early August 2025, a lively conversation among South African finance commentators on X (Twitter) Spaces reignited a long-running question: should crypto profits be taxed under a clear, standalone regime? According to multiple participants, including former policy analysts, a discussion paper circulating in policy circles is exploring a “Crypto Gains Tax” (CGT) framework separate from…
Kenya’s 2025 tax reforms are set to reshape the digital economy, and TikTok livestreamers are now in the spotlight. With the latest Finance Bill, the Kenya Revenue Authority (KRA) mandates that all TikTok livestreamers registering income from their digital content must be registered for Value Added Tax (VAT). This means livestreamers must comply with VAT…
The carbon tax has become a crucial instrument in the global effort to combat climate change. It imposes a financial charge on carbon emissions, aiming to incentivize reductions in greenhouse gases by making carbon-intensive activities more expensive. As we approach 2024-25, understanding the specifics of carbon tax payment dates, eligibility, and payment methods becomes vital…
Goods and Services Tax (GST) is a significant tax reform aimed at streamlining the tax system by consolidating various indirect taxes into one unified tax structure. For businesses and individuals, understanding GST payment deadlines, eligibility criteria, and payment methods is essential to maintain compliance and avoid unnecessary penalties. This guide provides a detailed examination of…
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