5 Major Developments in South Africa

5 Major Developments in South Africa

• VAT Registration Process Becomes more Stringent

• Input tax: Holding companies

• Double-Blow for VAT in South Africa

• SARS notification addresses incorrect VAT numbers on customs clearance declarations

• South Africa Tax Agency Issues Binding General Ruling Clarifying Input VAT Deduction on Exempt Supplies

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Customs

• Upgrade of the SARS Customs Digital Platform from 9 to 10 June 2023

• VAT Numbers Declared on Customs Documents Monitored

Deduction (Input Tax Credit)

• South Africa Tax Agency Issues Binding General Ruling Clarifying Input VAT Deduction on Exempt Supplies

• Input tax: Holding companies

E-Commerce / Electronic Services

• Updates External Guide for Foreign Suppliers of Electronic Services

• South Africa Introduces VAT Registration Exception for Foreign Providers of Digital Services

• Updated VAT guidance for nonresident suppliers of electronic services

• Frequently Asked Questions: Supplies of Electronic Services

Environmental Tax

• Carbon tax rate increase

Export

• VAT Numbers Declared on Customs Documents Monitored

Fraud / Tax Evasion

• Scam alert

• VAT Registration Process Becomes more Stringent

• VAT Battlefield is Changing

• SARS to Crack Down on VAT Fraud

• SARS Notes Spike in Suspicious VAT Registrations

Importation

• SARS notification addresses incorrect VAT numbers on customs clearance declarations

• VAT Numbers Declared on Customs Documents Monitored

Margin Scheme

• SARS: Declaration for the supply of second-hand goods

Rate

• VAT Battlefield is Changing

• DA Wants Government to Add More VAT-Free Items as Food Prices Skyrocket

Real Estate/Immovable Property

• South Africa Tax Agency Issues Binding General Ruling Clarifying Input VAT Deduction on Exempt Supplies

Refund

• New service provider for VAT Refund Administration (VRA)

Registration

• Double-Blow for VAT in South Africa

• KPMG Week in Tax: 15 – 19 May 2023

• VAT Registration Process Becomes more Stringent

• SARS changes VAT Registration Rules after Flood of Suspicious Activity

• SARS Notes Spike in Suspicious VAT Registrations

Reporting / Compliance

• Double-Blow for VAT in South Africa
• VAT Numbers Declared on Customs Documents Monitored
• SARS changes VAT Registration Rules after Flood of Suspicious Activity
• SARS Notes Spike in Suspicious VAT Registrations

• Big Blow for VAT in South Africa as Load Shedding Claims another Victim

SME (Small and Medium- Sized Enterprises)

• SARS to Crack Down on VAT Fraud

Supply of Services

• VAT Battlefield is Changing

Tax Authorities / Penalties

• SARS Notes Spike in Suspicious VAT Registrations

• Updated the Interest Rate Table on outstanding taxes, interest rates payable in respect of refunds of tax

VAT Identification Number

• SARS notification addresses incorrect VAT numbers on customs clearance declarations
• VAT Numbers Declared on Customs Documents Monitored