South Africa VAT changes
- 24 February 2017 | Richard Asquith
The South African 2017/18 budget last week failed to introduce a VAT rise as had been anticipated. However, it did introduce a number of changes, including:
- International travel insurance will be nil-rated for VAT
- Fuel supplies to be nil-rated for VAT
- The supply of cloud computing services to consumers by non-residents will now be subject to 14% VAT
South African plans to update the definition of digital services subject to VAT have been delayed from 1 October 2018 to 1 April 2019. In...
The South African Revenue Service, SARS, has issued draft legislation covering the direct and indirect taxation of digital currencies such as bitcoin. SARS is proposing...
Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug fixes....