- The South African government is proposing revisions to the Electronic Services Regulations and VAT Act to accommodate the digital economy.
- The scope of the regulations will be limited to non-resident vendors supplying electronic services to end consumers or non-vendors.
- Non-resident vendors face challenges in registering as vendors in South Africa, and the government proposes solutions such as flexible residency requirements for representative vendors and retaining exemptions for opening a South African bank account.
- The proposed revisions also address VAT refunds and adjustments related to the importation of goods and services.
- Enhancements to tax administration, such as expanding provisions for in-person presentations, aim to streamline processes.
Source GlobalVATcompliance
Click on the logo to visit the website
- Join the Linkedin Group on VAT/GST and E-Commerce HERE
