The South African Revenue Service (Sars) reviewed its value-added tax (VAT) registration process in May this year, following an unusual increase in the number of VAT registrations and a significant spike in suspicious registrations. With immediate effect, Sars implemented changes to the VAT registration process in order to scrutinise new VAT registration applications more stringently.
- VAT fraud
- VAT registration
- Impact
- Solutions
Source: www.theafrica.co.za
