- Proposed amendments to regulations for definition of “electronic services” in VAT Act released for public comment
- Current law requires non-resident suppliers to register for VAT and levy VAT on services exceeding ZAR1 million in 12 months
- Proposed amendments leave core definition of electronic services unchanged but expand exclusions
- New Exclusion excludes services supplied from export country to vendors registered in South Africa
- Non-resident suppliers must confirm VAT registration status of South African recipients for New Exclusion to apply
- Effective date of New Exclusion proposed for 1 April 2025, no relief for non-residents caught by current regulations
- Uncertainty and enforcement efforts by South African Revenue Service likely to continue until effective date of New Exclusion.
Source: ensafrica.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"
- SARS Introduces Enhanced Biometric Facial Authentication for Secure Taxpayer Identity Verification and Fraud Prevention
- Court Dismisses SARS’ Appeal, Upholds Glencore’s Compliance with Customs and VAT Laws
- South Africa Releases 2025 Draft Tax Bill to Support VAT Modernisation and E-Invoicing
- South Africa’s VAT Modernisation: Draft Amendments Set Stage for Real-Time Digital Reporting
- South Africa’s VAT Overhaul: Real-Time Reporting and Compliance Changes on the Horizon
