- The tax laws take effect on 1 July 2026, and the VAT Act has been re-enacted.
- Key VAT changes include registration and charging requirements for non-resident digital service suppliers, reverse charging, and new VAT obligations for Deputy Sheriffs.
- Input VAT rules are expanded: the claim period increases to 12 months, with excess credit carried forward for 4 months and refunded if still unabsorbed.
- Several supplies are being reclassified, including taxation of private medical services, zero-rating prescription drugs, and reducing the list of zero-rated items.
- Other updates include new registration/reporting rules for construction, manufacturing, mining/petroleum, and gambling supplies, plus a revised VAT return deadline of 28 days after the tax period ends; private medical providers must register by 31 July 2026 and start charging VAT from 1 August 2026 if already registered.
Source: linkedin.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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