- 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.
Latest Posts in "South Africa"
- Eswatini’s E-Invoicing Initiative: Advancing Tax Compliance and Digital Transformation by January 2028
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
- South Africa to Implement E-Invoicing and Real-Time VAT Reporting in Major Tax Overhaul
- Law to Phase Out Import VAT Relief on Small Parcels
- South Africa Proposes VAT Amendments to Implement E-Invoicing and E-Reporting Systems
