- Notice No. 4845 amends domestic VAT reverse charge regulations for precious metals in South Africa
- Amendments include redefining “residue” and “valuable metal”, changing requirements for debit and credit notes, expanding VAT record-keeping requirements, and ensuring proper description of valuable metals
- Amendments entered into force on Jan. 1, 2024
Source: news.bloombergtax.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.
