Conflicting debate on go-ahead for VAT increase; two, 0.5% rises – May 2025 & April 2026 – to 16% 17 April 2025: South African Finance Minister, Enoch Godongwana, has said that failing to raise the Value Added Tax rate from May would cause severe harm
South African Revenue Service issues guidance on implementing 0.5% VAT rise 1 May 2025 As part of the 2025 National Budget, the South African government announced an increase in the VAT rate from 15.0% to 15.5%, effective 1 May 2025. A further increase to 16.0%
SARS 5-corner e-invoicing and e-reporting second consultation expected The South African Revenue Service (SARS) is expected to shortly announce a second consolation for 2025 on imposing mandatory e-invoicing. SARS also is looking to offer pre-filled VAT returns based on e-reporting data. This follows the first
1 April 2025, VAT on non-resident digital services reforms South Africa is to reform its non-resident digital services VAT regime from 1 April 2025. There are three main changes: Withdrawing the obligation for foreign providers of digital services to VAT register in South Africa if
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
