- SARS has proposed a VAT modernisation plan with mandatory e-invoicing and near real-time transaction reporting.
- Invoices would use a standard format and go through accredited service providers for validation before data is sent to SARS.
- The goal is to pre-fill VAT returns and eventually automate VAT assessments.
- Implementation is expected to start in 2030 after preparation and piloting from 2026/2027, lasting about 36 months.
- The rollout will begin with large taxpayers for B2B transactions, then expand to B2G, smaller businesses, and B2C; feedback is due by October 16, 2026.
Source: vitallaw.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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