The South African Revenue Service (SARS) has released updated VAT guidance on electronic services provided by non-resident intermediaries and suppliers. The new guidance, effective from January 5, 2023, includes a VAT registration exemption for non-resident intermediaries and suppliers if their taxable supplies do not exceed 1 million South African rands within 12 consecutive months, due to temporary abnormal circumstances.
The updates provide information on various topics, such as registration procedures, declaration submission, payment methods, VAT registration cancellation, and input tax calculation. These updates aim to provide clarity and guidance to non-resident intermediaries and suppliers providing electronic services in South Africa. The updated VAT guidance came into effect on April 14, 2023, and businesses are encouraged to review the new guidance to ensure compliance with the latest requirements.
Effective date: 14 April 2023