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South Africa details foreign electronic services to be subject to VAT

As South Africa implements VAT on foreign supplies of electronic services to its consumers, the National Treasury has confirmed which services are affected by the changes. Gaming: electronic, internet...

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South Africa updates VAT compliance rules

The South African Revenue Service (SARS) has issued its latest VAT guide (404) which provides detailer guidance to taxable persons on the rules for South African VAT compliance. The latest guide...

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South Africa 2015 Value Added Tax update

South Africa is planning a number of changes to its South African Value Added Tax (VAT) regime from 1 April 2015. This is in addition to the recent B2C digital services VAT registration changes. The...

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South Africa may raise VAT

South Africa is facing a potential credit downgrade as it continues to struggle with its budget deficit. This has lead to fresh calls for a 2% VAT rise from the current 14% to 16%. The current VAT rate...

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South Africa pressure to raise VAT rate

A recent tax commission report has recommended that South Africa raises its VAT rate from 14% to 18%. South Africa’s VAT rate is one of the lowest in Africa where the average is just over 17%. The...

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BRICS in trouble

As emerging markets endure ongoing economic uncertainties, and the threat of a US interest rate rise which would redirect investment, VAT reforms have fallen out of favour.  The ‘BRICS’ (Brazil,...

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South Africa VAT budget

The latest South African budget refrained from raising the standard VAT rate from the current 14% to help deal with the fast growing state deficit. But it did include a number of VAT changes,...

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South Africa review non-resident digital VAT

South Africa has produced a consultative document on the VAT liabilities of non-resident e-service providers. Since October 2015, foreign providers of digital services to South African consumers have...

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South Africa told to raise VAT

The International Monetary Fund has recommended that South Africa increase its VAT rate from the current 14%. The country faces a challenging economic situation with a rapid decline in growth rates....

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South Africa VAT changes

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...

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