- Definition of “resident of the Republic” will be amended to exclude non-resident subsidiaries of companies in South Africa
- This will allow for zero-rating of services supplied by a resident to its non-resident subsidiary if services are consumed outside of South Africa
- Finance Minister Enoch Godongwana announced these proposed VAT changes in the National Budget address on 21 February 2024
Source: assets.kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "South Africa"
- South Africa Enacts Legal Framework for E-Invoicing and E-Reporting Under VAT Act
- Refunds to Non-Resident Vendors: New VAT Banking Details Requirement in 2026 Tax Amendment Act
- E-Reporting Framework and VAT Amendments under the 2026 Tax Administration Laws Amendment Act
- South Africa Amends Tax Laws: VAT, Corporate Tax, Education, Insurance, and Airtime Voucher Updates for 2026
- Key VAT Changes in South Africa: Education, Insurance, International Services, and Housing (2026 Amendments)
