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Proposed VAT Changes for Mudaraba Financing in South Africa: Budget Address Highlights 2024

  • VAT treatment of Mudaraba financing arrangements is currently uncertain
  • Amendments to the VAT Act are expected to clarify the VAT treatment
  • South Africa’s Finance Minister announced proposed VAT changes in the National Budget address on 21 February 2024

Source: assets.kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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