VATupdate

Share this post on

New Exemption for VAT-Liable Financial Services in 2025 Social Security Contribution Levy Amendment

  • The Social Security Contribution Levy (Amendment) Act No. 24 of 2025 was published on December 26, 2025.
  • A new exemption is introduced for providers of financial services subject to VAT at 20.5%.
  • The exemption is effective from December 17, 2025.

Source: kpmg.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.



Sponsors:

Pincvision

Advertisements:

  • Pincvision