Tax implications of outsourcing a Controlled Foreign Company’s primary operations
On 21 June 2024, the Constitutional Court ruled in favour of Coronation confirming that its foreign subsidiary indeed conducted its...
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Deon Le Roux
Jan 82 min read
Understanding the Consequences of Non-Compliance with SARS Requests for Relevant Material
In a significant move towards strengthening VAT compliance, the South African Revenue Service (SARS) announced in December 2023 its...
176 views0 comments
Claudia Steyn
Jul 21, 20231 min read
Tax Compliance policies evolving in African jurisdictions for Digital Services
African Tax jurisdictions are often overlooked by suppliers of electronic and digital services which may ultimately result in substantial...
103 views0 comments
Claudia Steyn
Jul 5, 20232 min read
SARS introduces new mechanism to allow taxpayers to request a reduced assessment
Taxpayers are now able to request SARS to reduce an existing assessment in a less formal method than was previously available....
231 views0 comments
Sean Dooms
Jun 14, 20232 min read
Value-Added Tax (VAT) on Electronic/Digital Services supplied from South Africa
The global digital economy has experienced remarkable growth, transforming the way businesses operate and the way consumers procure...
56 views0 comments
Ruan Jansen van Vuuren
Nov 24, 20223 min read
Clarifying VAT on Supplies from Foreign Electronic Services Providers
Background on legislative amendments The Value-Added Tax Act, 1991 (“the Act"), prior to 2014, provided for the inbound supply of...
86 views0 comments
Deon Le Roux
Nov 16, 20222 min read
Crucial Requirements for a Valid Voluntary Disclosure Programme
SARS initially launched the limited Voluntary Disclosure Programme (“VDP”) from November 2010 to October 2011, with the objective to...
45 views0 comments
Nico Grobler
Oct 26, 20222 min read
Are you experiencing a delay in obtaining VAT refunds?
Many taxpayers continue to be frustrated with SARS due to delayed refunds. This seems to be a common occurrence and can be devastating to...
78 views0 comments
Nadia van Aswegen
Jun 8, 20223 min read
Recent income tax amendments impacting your provisional tax return?
For years of assessment commencing on or after 1 April 2022, the South African corporate income tax rate was reduced to 27%. However, to...
94 views0 comments
Victor Terblanche
May 23, 20225 min read
Interview with the new CIT Director
VAT IT SA would like to introduce Nadia van Aswegen as the newly appointed Corporate Tax Director. Nadia is a qualified Chartered...
180 views0 comments
Ruan Jansen van Vuuren
Apr 26, 20222 min read
Using Intermediaries For The Supply of Electronic Services in South Africa
Using Intermediaries For The Supply of Electronic Services in South Africa
163 views0 comments
Deon Le Roux
Feb 24, 20221 min read
Budget Speech 2022 – Value-Added Tax Proposals
On 23 February 2022, Finance Minister Enoch Godongwana presented the annual budget proposal for the 2022 financial year to the National...
42 views0 comments
Victor Terblanche
Feb 21, 20227 min read
VAT Fraud In South Africa
The Managing Director of VAT IT SA takes us through VAT fraud in South Africa and the impact on the South African Revenue Service (SARS),...
976 views0 comments
Ruan Jansen van Vuuren
Jan 17, 20222 min read
Tax Invoice Requirements for Foreign Electronic Services Providers
The market for suppliers of electronic services is expanding globally and various tax jurisdictions are implementing VAT legislation to...
208 views0 comments
Victor Terblanche
Dec 9, 20212 min read
Tax and the Petrol Price
South Africans got hit with another increase in the petrol price, taking the price up to over R20. The price increase has come as a shock...
25 views0 comments
Victor Terblanche
Nov 15, 20211 min read
VAT IT SA Introduces VATITpayroll
VAT IT SA is excited to announce the much-anticipated launch of VATITpayroll, our bespoke outsourcing payroll service. Our custom payroll...
141 views0 comments
Nico Grobler
Oct 30, 20212 min read
Letting of Residential Property Initially Intended for Sale
Generally, VAT is charged at the standard rate on the supply of residential properties (the sales of apartments, flats, or houses...
47 views0 comments
Ruan Jansen van Vuuren
Oct 18, 20211 min read
Compliance Is Now More Important Than Ever.
SARS has set its sights on non – compliant taxpayers and has now broadened its scope for criminal prosecution in terms of a recent...
58 views0 comments
Claudia Steyn
Aug 11, 20212 min read
Letters of Demand by SARS
The current state of the economy in South Africa has given rise to an increase in revenue collection by the South African Revenue Service...
187 views0 comments
Ruan Jansen van Vuuren
Aug 2, 20212 min read
SARS must keep taxpayers informed during an audit
Did you know that the South African Revenue Service (SARS) must keep taxpayers informed during an audit process and provide an...
72 views2 comments
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