- South Africa is implementing a multi-year, phased plan for nationwide e-invoicing and real-time VAT digital reporting.
- E-invoicing is central to SARS’s modernization strategy, aiming to strengthen revenue collection, reduce the VAT gap, and combat VAT fraud and non-compliance.
- The new system will transition from traditional VAT declarations to real-time, transaction-level data reporting, starting with the largest VAT contributors.
- The future model will use automated, secure digital channels and APIs for direct invoice data transmission, enabling automated compliance checks and potentially pre-populated VAT returns.
- These reforms are part of broader efforts to make SARS a highly digital, data-driven authority and improve tax administration efficiency.
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.
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