- On 14 March 2025, National Treasury published three final VAT regulations.
- These regulations amend definitions related to electronic services and valuable metal, and clarify VAT accounting for casino table games.
- The electronic services regulation excludes supplies by non-residents to VAT-registered vendors in South Africa from VAT registration.
- New definitions for content, internet, and telecommunication services are introduced.
- The domestic reverse charge regulation now includes primary gold producers and their contractors.
- The casino regulation clarifies VAT accounting for table games of chance.
- All regulations take effect on 1 April 2025.
Source: cliffedekkerhofmeyr.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.
Latest Posts in "South Africa"
- South Africa Proposes New Regulations for E-Invoicing and E-Reporting in Draft Bill
- SARS Introduces Enhanced Biometric Facial Authentication for Secure Taxpayer Identity Verification and Fraud Prevention
- Court Dismisses SARS’ Appeal, Upholds Glencore’s Compliance with Customs and VAT Laws
- South Africa Releases 2025 Draft Tax Bill to Support VAT Modernisation and E-Invoicing
- South Africa’s VAT Modernisation: Draft Amendments Set Stage for Real-Time Digital Reporting
