Deregistering as a VAT vendor can be challenging, according to the Office of the Tax Ombud (Oto). This comes after the office received a complaint from a taxpayer against the South African Revenue ...

“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 ...

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% ...

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 ...

South African Revenue Service (SARS) Commissioner Edward Kieswetter says the decision has significant practical implications for VAT vendors and consumers. “We acknowledge that vendors and consumers ...

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 ...

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 ...