5 Major Developments in South Africa

5 Major Developments in South Africa

• E-Invoicing and PEPPOL in South Africa (Everything You Should Know)
• New Binding General Ruling on VAT Requirements for Electronic Service Providers
• Summary of direct and indirect tax proposals in 2023 budget
• How Do Electronic Invoicing And Tax Reporting in South Africa Work
• Regulations on the domestic reverse charge relating to valuable metals

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Bookkeeping

• Clarifying VAT Rules regarding documentary requirements for gold exports

Deduction (Input Tax Credit)

• South Africa VAT system more equal than others re capital raising costs and the deductibility of VAT?

• Solar Tax Incentives: ‘We Should have Zero-Rated the VAT on Installations’

E-Commerce / Electronic Services

• New Binding General Ruling on VAT Requirements for Electronic Service Providers

• South Africa Tax Agency Issues Binding General Ruling on VAT Requirements for Electronic Service Providers

• South Africa VAT on digital services by non-residents

• Practical considerations for foreign suppliers of electronic services to South African customers

E-Invoicing

• E-Invoicing and PEPPOL in South Africa (Everything You Should Know)

• How Do Electronic Invoicing And Tax Reporting in South Africa Work

• How Do Electronic Invoicing And Tax Reporting in South Africa Work

Excise

• Excise duties on alcohol, tobacco increase by 4.9%: Godongwana

Exemption

• Reviewing the VAT treatment of specific supplies in the short-term insurance industry

• Ruling 62: SECURITIES LENDING ARRANGEMENTS

• Change in VAT treatment of “scrip-lending transactions”

• VAT and scrip lending

Importation

• Customs Duty and Value-Added Tax Treatment of Goods forwarded Free as a Donation

Liability (Reverse Charge/Withholding)

• Regulations on the domestic reverse charge relating to valuable metals

• VAT reverse charge and mine material: In the eye of the be-“holder”?

Rate

• Clarifying VAT Rules regarding documentary requirements for gold exports
• Tax revenue expected to reach R1.69 trillion

• Scrap VAT on rooftop solar to boost demand – tax expert

Real Time Reporting/Continuous Transaction Controls

• How Do Electronic Invoicing And Tax Reporting in South Africa Work

Refund

• Solar Tax Incentives: ‘We Should have Zero-Rated the VAT on Installations’

• Tax revenue expected to reach R1.69 trillion

Reporting / Compliance

• Upgrade of the SARS eFiling platform on 10 March 2023

• This is Who Really Pays Tax in South Africa

• New Binding General Ruling on VAT Requirements for Electronic Service Providers

• Summary of direct and indirect tax proposals in 2023 budget

• Planned review of the VAT administrative framework

• Reminder – Upgrade of the SARS eFiling Technical Platform

• South Africa Tax Agency Issues Binding General Ruling on VAT Requirements for Electronic Service Providers

• eFiling downtime alert

• How Do Electronic Invoicing And Tax Reporting in South Africa Work

Tax Authorities / Penalties

• Upgrade of the SARS eFiling platform on 10 March 2023

• Summary of direct and indirect tax proposals in 2023 budget

• Planned review of the VAT administrative framework

• SARS warns tax collection will be lower

• South African Revenue Service Updates Interest Rate Tables

Taxable Transaction

• VAT and scrip lending

Technology

• Upgrade of the SARS eFiling platform on 10 March 2023

Vouchers

• Clarifying the VAT treatment of prepaid vouchers in the telecommunications industry