Source EY
Indirect Tax Measures:
- Reviewing the value-added tax (VAT) accounting basis option available for an intermediary
- Broadening the VAT relief under corporate reorganization rules by allowing the vendors to elect which provision to use
- Clarifying the VAT treatment of irrecoverable debts
- Reviewing the section 72 decision with regards to the VAT treatment of:
- Telecommunication services
- Cross-border leases of foreign-owned ships, aircraft and other equipment for use in RSA
- Management of superannuation schemes
- Introducing export taxes on scrap metals
- Aligning the carbon fuel levy adjustment with the Carbon Tax Act
