What is new? 1 December 2023 – Issue 17 (December 2023) of the VAT Connect newsletter is available. 7 August 2023 – Issue 16 (August 2023) of the VAT Connect newsletter is now available. 30 March 2023 – The VAT264 form has been modernised to make it easier and simpler for vendors to complete. […]
[…] on objects of the 2022 Draft TALAB Draft amendments to the Regulations on domestic reverse charge relating to valuable metal in terms of section 74(2) of the VAT Act, 1991 Draft Explanatory Memorandum on domestic reverse charge relating to valuable metal in terms of section 74(2) of the VAT Act, 1991 Comments on the […]
Welcome to the latest edition of VAT Connect, the electronic newsletter for vendors that keeps you up to date with the tax matters that affect you. To read our newsletter below, click on each heading to expand the corresponding article. Amendments Various amendments to the VAT Act in terms of the Taxation Laws Amendment […]
[…] the amendments to section 72, namely, the new requirements when applying for a decision under section 72 as well as transitional rules and reconfirmations were communicated in VAT Connect 10 (March 2020) and VAT Connect 12 (June 2021). As indicated in VAT Connect 12, all decisions under section 72 that do not have a […]
Proposed amendments emanating from the Budget 2022/23 Following the publication of the draft tax bills in July 2022 (mentioned in VAT Connect Issue 14), National Treasury and SARS published the following 2022 tax bills on 26 October 2022, which you can access on the SARS website by clicking on the links below. Rates […]
[…] Treasury’s tax policy depository at [email protected] or to SARS at [email protected] See the media statement for more information. Recent amendments Recently the following Acts containing amendments to the VAT Act were published. These documents can be accessed on the SARS website by clicking on the links below: Taxation Laws Amendment Act 20 of 2021 Tax […]
Welcome to the latest edition of VAT Connect, the electronic newsletter for vendors that keeps you up to date with the tax matters that affect you. To read our newsletter below, click on each heading to expand the corresponding article. Law Amendments Various amendments affecting the VAT Act and the administration thereof were made […]
Recent amendments Recently the following Acts containing amendments to the VAT Act were published: Taxation Laws Amendment Act 23 of 2018 Tax Administration Laws Amendment Act 22 of 2018 Rates and Monetary Amounts and Amendment of Revenue Laws Act 21 of 2018 These Acts were promulgated on 17 January 2019 as per Government Gazettes […]
Legislative amendments The public was alerted to the publication of the 2023 draft tax bills on 30 July 2023 in the VAT Connect Issue 16. National Treasury has thereafter published a draft response document to these proposed amendments, which is generally issued after the written public comments addressed to the Standing Committee on Finance […]
Proposed amendments emanating from the Budget 2020/21 The following documents proposing legislative amendments to the VAT Act were published on 31 July 2020 for comment by 31 August 2020. You can access these documents on the SARS website by clicking on the links below: 2020 Draft Taxation Laws Amendment Bill 2020 Draft Explanatory Memorandum […]
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