Following a recent review of the data declared on customs documents (bills of entry), the South African Revenue Service (SARS) informed external stakeholders that it found that importers/exporters do not always declare their value added tax (VAT) numbers on these documents, or that the incorrect VAT numbers are declared.
Source: KPMG
Latest Posts in "South Africa"
- High Court Rules Minister Cannot Set VAT Rate Without Parliamentary Approval
- South African Businesses: Check for Interest Owed on Delayed SARS VAT Refunds
- Government Proposes VAT Revenue Sharing to Boost Municipal Finances and Address Local Funding Crisis
- SARS Clarifies VAT on Forfeited Deposits for Game Reserves After Booking Cancellations
- VAT Treatment of Forfeited Guest Deposits on Cancelled Accommodation Bookings in Hospitality Sector
