In brief
The South African Revenue Service (SARS) has announced its intentions to modernise the South African Valued Added Tax (VAT) administrative framework and is inviting all stakeholders to submit contributions and comments as part of the consultative process. This VAT modernisation initiative is likely to affect many of our clients. The Tax team in Johannesburg intends to make submissions in response to SARS’ discussion paper and is inviting clients and other stakeholders to collaborate in this regard. Comments and contributions are due to reach SARS no later than 31 October 2023.
- In depth
- Digital transmission of VAT data
- A modern VAT return
- Electronic invoicing
- Benefits and next steps
- Comments and contributions
- Conclusion
Source: Baker McKenzie
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