Please Try a Different Browser

You are using an outdated browser that is not compatible with our website content. For an optimal viewing experience, please upgrade to Microsoft Edge or view our site on a different browser.

If you choose to continue using this browser, content and functionality will be limited.

country-icon South Africa

10.20.23

Public consultation - discussion paper on value added tax modernization

The South-African Revenue Service has published a discussion paper on Value Added Tax Modernisation.

In line with international trends in making the VAT system agile and easy to administer, SARS is of the opinion that there is a growing acceptance for the adoption and implementation of real-time or close to real-time transmission of VAT data to the tax authority.

SARS' recently launched public consultation on the modernisation initiative will entail a staged approach, which will include, amongst others, the following:

  • development of VAT data models
  • determining suitable technologies to be used
  • consultation and collaboration with vendors and other relevant stakeholders
  • integration of vendors accounting information systems with SARS systems
  • testing and implementation of the data models, the vendors accounting information systems and SARS systems

The discussion paper is available on the SARS website:
https://www.sars.gov.za/wp-content/uploads/Docs/VAT/Discussion-Paper-on-Value-Added-Tax-Modernisation.pdf

All affected stakeholders are invited to submit contributions and comments by 31 October 2023.

Schedule a Free Consultation

Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.

First Name*
Last Name*
Job Title*
Company*
Comments

By submitting this form, you agree to Tungsten Automation terms of use and privacy policy.*