Key VAT proposals are:
- Updating of VAT on electronic services regulations in line with international trends.
- An exception from the requirement to register as a VAT vendor in terms of the electronic services regulations, based on ‘once-off’ surpassing of the ZAR 1 million registration threshold.
- Further reviews of certain previous section 72 directions (directions to overcome difficulties, anomalies or incongruities).
Source: bowmanslaw.com
Latest Posts in "South Africa"
- South Africa’s 5-Corner Peppol Integration to Modernize E-Invoicing and VAT Reporting by 2028
- New VAT Apportionment Reporting Requirements to SARS: Compliance and True-Up Adjustments Explained
- High Court Upholds Tax Court Ruling: Payroll Service Provider Not Liable for SDL and VAT
- Eswatini’s E-Invoicing Initiative: Advancing Tax Compliance and Digital Transformation by January 2028
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
