The South African Revenue Service (SARS) has confirmed that the planned 0.5% increase in the Value Added Tax (VAT) rate, initially scheduled for May 1, 2025, will not proceed. This decision follows a ...

While South Africa has been shaking its head at Trump’s whiplash tariff announcements, we seem to be watching a similar scene roll out locally with the controversial VAT increase. The latest news is, ...

South African Revenue Service (SARS) Commissioner Edward Kieswetter says the decision has significant practical implications for VAT vendors and consumers. “We acknowledge that vendors and consumers ...

The South African Revenue Service (Sars)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and Sars, including compliance ...

The South African Revenue Service (Sars) was granted additional powers to implement the estimated assessment functionality where value-added tax (Vat) vendors do not adhere to the provisions of the ...

Edward Kieswetter, Commissioner of the South African Revenue Service (Sars), says the organisation will ensure the necessary changes are made to reflect the decision to reverse the increase in ...