SARS scraps 15% import VAT exemption on consignments below 500 rand from 1 September 2024 The South African Revenue Service (SARS) has imposed on all imported consignments for B2C sales 15% VAT. This came into effect from 1 September 2024. Previously, parcels below 500 rand
Consultation on introduction of reverse charge on B2B sales by non-residents 1st April 2025 The South African National Treasury has opened a consultation until 31 August 2024 on ending the obligation on non-resident providers and digital platforms to charge VAT on digital services to VAT-registered businesses.
SARS considers e-invoicing / digital VAT transaction reporting with pre-filled returns The South African Revenue Service (SARS) is expected to shortly conclude on its plans to implement e-invoicing and digital reporting. This is likely to be based on a PEPPOL framework. In September 2023, SARS
Mid-term budget lays ground for rise from current 15% The South African Finance Ministry’s mid-term budget indicates a fund gap likely to be filled by a VAT rise in next year’s 2024 budget. Most government departments expect to run out of money by March 2024.
