- South Africa is moving toward mandatory electronic invoicing and real-time VAT reporting as part of SARS’s VAT Modernization program.
- The new system will use a hybrid, interoperable framework similar to the Peppol 5-corner model, involving buyers, sellers, service providers, and SARS.
- E-invoices will be digitally structured and transmitted in near real-time, with data exchanged through accredited service providers.
- A phased rollout is expected from 2026–2027, with full implementation by 2028.
- Businesses are urged to prepare early by updating systems, processes, and staff training to ensure compliance.
Source: comarch.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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