In essence, the law was amended to require any person who supplies 'electronic services' to recipients who are resident in South Africa, to register as vendors for South African VAT purposes. 'Electronic services' as defined in the draft regulationswould have included electronic services supplied ...
Subscribers from South Africa will see a change in their recurring Envato Elements billing to include Value Added Tax (VAT) of 15%. For example, if you currently pay $33 per month for your subscription, the total invoiced amount will increase to $37.95, representing $4.95 o...
Weeks after the budget was first due to be delivered, South Africa’s finance minister Enoch Godongwana finally made the announcement on Wednesday. But one of the main sticking points remains. An increase in value-added tax (VAT), which several political parties in the coalition gover...
Democratic Alliance (DA) leader John Steenhuisen has reiterated his party’s dedication to South Africa’s Government of National Unity (GNU), despite recent tensions with the African…Read More » Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU ...
COSATU Warns Against Legal Challenge to VAT Increase April 17, 2025 1 min read The Congress of South African Trade Unions (COSATU) has cautioned that challenging South Africa’s value-added tax (VAT) laws in court could destabilize the entire taxation… Read More »COSATU Warns Against Legal...
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South Africa Slashes Key Policy Rate as Expected The South African Reserve Bank cut its key interest rate by another 25 basis points to 7.50% on January 30th, 2025, as anticipated, marking the third successive reduction. While inflation remained well-contained, the central bank noted that the...
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VAT rates depend on the EU destination country and the types of good being sold. EU law states that the standard rate must be at least 15%, but each country has set its own. Currently, Luxembourg has the lowest rate at 17%, and Hungary the highest at 27%. What are the main advant...
In Zoho Checkout, when a payment is made, VAT rates are determined based on the VAT rule you’ve configured in the payment page.To associate a VAT rule with a payment page:Go to Payment Pages. Click +New Payment Page. Enter the necessary details. Select a VAT rule from the drop-down...