The National Treasury, in collaboration with SARS, is considering changing value-added tax (VAT) on cross-border electronic services and foreign donor-funded projects. The changes aim to update the Electronic Services Regulations and relevant sections of the VAT Act to keep up with the digital economy and ease administrative burden. The focus is on limiting the regulations to non-resident vendors supplying electronic services to non-vendors or end consumers in South Africa. These proposed changes follow previous adjustments made in 2014 and 2019 to improve VAT collection on foreign electronic services.
Source Mybroadband
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