VATupdate

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VAT Payment Deadline for Imported Services Extended from 30 to 60 Days Effective December 2024

  • VAT on imported services was initially due within 30 days of receiving the invoice or making a payment
  • Taxpayers faced challenges complying with the 30-day rule
  • Penalties and interest were common due to these difficulties
  • The period was extended to 60 days starting 24 December 2024 to ease the burden

Source: sars.gov.za

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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