South Africa: Updated VAT guidance for nonresident suppliers of electronic services
The South African Revenue Service (SARS) has published new VAT guidance on electronic services provided by non-resident intermediaries and suppliers. Effective from January 5, the updates include an exemption from VAT registration for non-resident intermediaries and suppliers in cases where the value of taxable supplies exceeds 1 million South African rands within 12 consecutive months, due to temporary abnormal circumstances.
The updated guidance covers various topics, including registration procedures, declaration submission, payment methods, VAT registration cancellation, and input tax calculation.
The new VAT guidance takes effect from April 14.
Source: sars.gov.za
