- Mandatory Invoice Data Submission: As of April 1, 2025, the South African Revenue Service (SARS) requires taxpayers to include invoice data in all electronic customs declarations submitted to the agency.
- Increased Audit Risk: Customs declarations that lack the required invoice data are more likely to be selected for inspection or audit by SARS, emphasizing the importance of compliance.
- Official Notification: The obligation for including invoice data was officially communicated by SARS in a letter published on March 11, 2025, reinforcing the new regulatory requirement
Source Pagero
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
