Budget 2026 Shock for SMEs: Godongwana Lifts VAT Threshold to R2.3 Million — Here’s How It Could Transform Your Cash Flow Overnight

Small Business Development & ESD /

Small and medium sized enterprises received a major boost on Wednesday when Finance Minister, Enoch Godongwana, announced in the 2026 National Budget Speech that the compulsory VAT registration threshold will increase from R1 million to R2.3 million. The change, which comes into effect on 1 April 2026, amends section 23(1)(a) of the VAT Act, which […]

Budget 2026 Shock for SMEs: Godongwana Lifts VAT Threshold to R2.3 Million — Here’s How It Could Transform Your Cash Flow Overnight Read More »