- South Africa is moving towards mandatory e-invoicing for real-time tax reporting
- The goal is to reduce tax fraud and invoice manipulation
- Tax fraud costs South Africa between ZAR 22 billion and ZAR 50 billion annually
- SARS is considering a Peppol-based 5-corner model for e-invoicing
- SARS aims to offer pre-filled VAT returns using e-reporting data
- Mandatory e-invoicing is expected by 2028
- Public consultation on requirements is expected in late 2025
Source: p2pnetwork.org
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.
