- The South African Revenue Service issued VAT Ruling No. VR 018 on March 31.
- The ruling clarifies transaction-based VAT apportionments for money transfer services.
- A private financial services company sought guidance on using a transaction count-based method for VAT on mixed-use expenses.
- The Tax Agency confirmed the taxpayer may use the transaction count-based method for determining VAT ratios.
Source: news.bloombergtax.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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