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Synopsis
A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.
In this edition:
Synopsis Tax today - September 2025
The section 11D of the Income Tax Act, No. 58 of 1962, Research and Development (“R&D”) tax incentive is and has been a strategic policy instrument introduced by the South African government to promote private sector investment in scientific and technological innovation. The first article explores the recent legislative enhancements to the R&D tax incentive which were driven by the need to simplify the application process, enhance clarity around qualifying activities, and align the incentive with international best practices – particularly the principles outlined in the OECD Frascati Manual.
In 2023, National Treasury introduced two major fiscal policy interventions in response to South Africa’s loadshedding challenge namely the solar panel tax incentive for individuals and enhanced renewable energy incentive for businesses. These incentives had sunset dates of 29 February 2024 and 28 February 2025, respectively. To assess the impact these incentives had on taxpayers, National Treasury released the results of a survey conducted in December 2024.Our second article takes a closer look at these incentives, why they produced such different outcomes and, importantly, the valuable lessons they hold for future green tax policy in South Africa as the global movement towards sustainable energy investment continues to gain momentum.
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