- VAT on imported services was initially due within 30 days of receiving the invoice or making a payment
- Taxpayers faced challenges complying with the 30-day rule
- Penalties and interest were common due to these difficulties
- The period was extended to 60 days starting 24 December 2024 to ease the burden
Source: sars.gov.za
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 Considers Raising VAT Registration Threshold Amid Calls for Reform and Modernisation
- South Africa Proposes 20% National Tax on Online Gambling Revenue
- SARS Enhances VAT Registration Transparency and Communication for Applicants Starting December 2025
- VAT Fraud Syndicate Threatens South Africa’s Economy, Costs Billions in Lost Revenue and Market Share
- SARS Limits E-Commerce Imports Under Customs Code 70707070 to R150,000 Per Year for Individuals
