- The South African government has recently announced that proposed changes to the VAT treatment of electronic services will be released for public comment. Currently, non-resident suppliers of electronic services to South African residents must register for VAT if their services exceed ZAR 1 million in a year. The new amendments aim to simplify VAT rules, especially for business-to-business (B2B) transactions, by exempting services provided by non-residents to registered South African vendors. However, these changes won’t take effect until April 2025.
Source: taxand.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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