“This obligation to register is measured on the value of taxable supplies rather than actual amounts received, and will apply regardless of the entity through which the business is carried, i.e. sole ...

After my article on commercial property purchased as a going concern a couple of weeks ago, questions have been pouring in concerning the VAT aspects of fixed property. “What are the VAT implications ...

Currently, all vendors registered on the invoice basis for VAT must pay back input tax claimed to the extent these vendors have not paid for the supply within 12 months. The pay-back provision aims to ...

There is no general legislative right of recovery except where there is a change in the VAT rate, fraud, or misrepresentation by the recipient. The implementation of the 0.5% value-added tax (VAT) in ...

The 2025 Budget tabled by Finance Minister, Enoch Godongwana in Parliament on Wednesday, 12 March 2025, saw the 2% VAT increase initially proposed in February 2025 replaced by two consecutive 0,5% ...

SARS has now issued a Discussion Paper on Value-Added Tax Modernisation to explain its plans and seek input from VAT vendors, accounting system software developers or suppliers, recognised controlling ...

SARS has published a discussion paper on its intended modernisation of the VAT collection system which will ultimately make VAT reporting faster and more transparent. In this article, Joon Chong, ...