- National Treasury and SARS considering changing VAT on electronic services in South Africa
- Proposed changes include VAT on cross-border electronic services, foreign donor-funded projects, and tax deductions period
- Changes aim to limit regulations to non-resident vendors supplying electronic services to non-vendors or end consumers
- IT industry welcomes proposal to ease vendor administration and encourage non-residents to transact in South Africa
- New changes may require electronic suppliers to deregister for VAT if they were not required to register under previous regulations
- Compliance costs for vendors may increase due to system changes and advisory costs to comply with South African law
Source: mybroadband.co.za
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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