NOTICE: South African VAT Inc

We wish to inform you of a forthcoming adjustment related to the Value-Added Tax (VAT) rate in South Africa, which is set to increase from 15% to 15.5%. As you may be aware, there has been some discussion and uncertainty surrounding this increase since the Annual Budget speech. However, it now appears that this adjustment will indeed be implemented.

Effective 1 May 2025, this new VAT rate will be applied to the VAT component of specific financial planning, asset management and administration services.

This adjustment is necessary to ensure our continued compliance with the updated tax regulations, allowing us to maintain the high standards of service you expect from us as we partner with you in achieving your financial goals. We appreciate your understanding in this matter.

Please contact us should you have any questions.