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.

Since the last issue of VAT Connect (September 2015), various amendments affecting the VAT Act and the administration thereof have been made. For more details on recent amendments, refer to the following documents, amongst others, on the Legal Counsel webpage:

You can also read a summary of some of the 2015 amendments in the Preface of the VAT 404 – Guide for vendors. Discussion on the 2016 amendments will be included in the next update of the VAT 404 – Guide for vendors, which is expected later this year.

In addition to the above, amendments contained in the 2017 Draft Taxation Laws Amendment Bill (TLAB) and the 2017 Draft Tax Administration Laws Amendment Bill (TALAB) as well as the accompanying Explanatory Memoranda were published for public comment on 14 July 2017. These bills provide the necessary legislative amendments required to implement tax proposals that were announced in the Budget on 22 February 2017. The Draft TLAB deals with more substantive changes to the tax laws, while the Draft TALAB deals with administrative provisions of tax legislation currently administered by SARS, including the TA Act.

The 2017 Draft TLAB and Draft TALAB as well as the Explanatory Memoranda can be found under “Draft documents for public comment” on the Legal Counsel webpage.

VAT Connect is an information guide and not a binding general ruling for purposes of the VAT Act. For general enquiries regarding VAT call the SARS Contact Centre on 0800 00 7277. Should there be any aspects relating to VAT on which a specific VAT ruling is required, you may apply for a ruling by completing form VAT301 and sending it together with all the necessary information to SARS by facsimile on +27 86 540 9390 or by e-mail to [email protected]. Refer also to the Quick Reference Guide on VAT Ruling Application Procedure for more details on how to apply for a ruling.

Last Updated: 22/09/2017 8:58 AM     print this page
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