- South Africa has amended domestic VAT reverse charge regulations for precious metals
- Notice No. 4845 was published in the South African Official Gazette on May 17
- The amendments include redefining terms like “residue” and “valuable metal”
- Changes were made to requirements for debit and credit notes issuance
- VAT record-keeping requirements were expanded
- Emphasis was placed on providing full and proper descriptions of valuable metals and gold content
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.
