- South Africa’s National Treasury and SARS have released the 2025 Draft Tax Administration Laws Amendment Bill to support the VAT Modernisation Project, which includes e-invoicing and e-reporting. The project aims for a potential launch in 2028 or later, using a 5-corner Peppol-based model for real-time VAT transaction reporting. Stakeholders are invited to comment on the VAT data model and digital VAT data transmission. The initiative draws on international models and aims to modernize VAT returns with new data fields.
Source: fiscal-requirements.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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