The South African Revenue Service (SARS) has published an updated guide for foreign electronic service suppliers, VAT-REG-02-G02 – Foreign Suppliers of Electronic Services – External Guide. Since 1 April 2019, South Africa’s VAT legislation has required foreign electronic service suppliers to register for VAT where the total value of electronic services supplied in South Africa exceeds SAR 1 million within a 12-month period. The main purpose of the guide is to explain how to:
- Complete the VAT101 – Application for Registration for Value Added Tax – External Form (VAT Application Form)
- Complete the VAT 201 – VAT Vendor Declaration (VAT201)
- File VAT 201 and make payment of VAT, and
- Request VAT registration cancelation, where the value of electronic services supplied has not exceeded the SAR 1 million threshold in a period of 12 months.
Source Orbitax
Latest Posts in "South Africa"
- South Africa to End VAT Exemption on Low-Value Imports, Impacting eCommerce and Education
- South Africa to Implement E-Invoicing and Real-Time VAT Reporting in Major Tax Overhaul
- Law to Phase Out Import VAT Relief on Small Parcels
- South Africa Proposes VAT Amendments to Implement E-Invoicing and E-Reporting Systems
- ANC Advocates Interest Rate Cuts Over VAT Hike to Stimulate South African Economy
