This guide provides a general overview of how the Value-Added Tax (VAT) Act applies to fixed property and construction transactions in South Africa. It is comprehensive but not a legal reference and avoids technical and legal terminology. It references the VAT Act and Tax Administration Act, with key terms defined in the VAT Act’s Glossary. The information is based on legislation as of January 5, 2023, including recent amendments. The guide mentions a VAT rate increase from 14% to 15% on April 1, 2018, but doesn’t cover specific rate-related rules. It emphasizes that the guide is for guidance only, not an official publication, general ruling, or binding unless otherwise stated. The previous edition of the guide was withdrawn on October 5, 2023.
Source: SARS
Latest Posts in "South Africa"
- 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
- South Africa to Implement E-Invoicing and Real-Time VAT Reporting in Major Tax Overhaul
- Law to Phase Out Import VAT Relief on Small Parcels
- South Africa Proposes VAT Amendments to Implement E-Invoicing and E-Reporting Systems
