The SA Revenue Service (SARS) has issued a warning to vendors and consumers about the implications of the reversal of the scrapped 0.5% VAT rate increase. SARS Commissioner, Edward Kieswetter, noted ...
The South African Revenue Service (SARS) has confirmed that the planned 0.5% increase in the Value Added Tax (VAT) rate, initially scheduled for May 1, 2025, will not proceed. This decision follows a ...
According to recent media reports, Sars has launched a new initiative — Project AmaBillions — as part of its broader strategy to boost revenue collection by an additional R70 billion over the next ...
Two years after the South African Revenue Service (SARS) began work to modernise the value-added tax (VAT) system, the agency is preparing to release a consultation paper “in due course”. This follows ...
The National Treasury has proposed introducing an e-reporting, also known as e-invoicing, framework into the VAT Act in South ...
Last week, at the last possible moment, the Ministry of Finance announced that the proposed 0.5 percentage point increase of VAT would no longer be happening. The lateness of the announcement means ...
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