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Proposed VAT Changes in South Africa: Revision of Domestic Reverse Charge Mechanism for Valuable Metals

  • Regulations on domestic reverse charge mechanism for valuable metals to be revised
  • Changes proposed due to schemes and malpractices in primary gold sector
  • Finance Minister Enoch Godongwana delivered National Budget address on 21 February 2024
  • Details about proposed VAT changes in South Africa included in address

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.

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