- South Africa increased the compulsory VAT registration threshold from 1 million rand to 2.3 million rand, effective April 1.
- New crypto-asset reporting rules, based on the OECD Crypto-Asset Reporting Framework (CARF), are implemented from March 2.
- These changes require businesses to review and update their compliance with VAT and digital asset reporting obligations.
Source: globalvatcompliance.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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