This regulation introduces amendments to RR 16-2005, also known as the Consolidated VAT Regulations, as amended, particularly on VAT zero-rated and VAT-exempt transactions and the key changes made ...

The Western Cape High Court suspended the 0.5 percentage point VAT increase that was due to take effect from Thursday, 1 May. “The resolutions of the National Assembly and the National Council ...

The Western Cape High Court delivered a major blow to the government’s tax plans by suspending South Africa’s scheduled VAT increase just days before it was set to take effect. The Court blocked the ...

JOHANNESBURG - There has been mixed reaction to the Western Cape High Court order setting aside the value-added tax (VAT) increase and the fiscal framework. On Sunday, the court ruled in favour of ...

Here is a breakdown of the process of how VAT works. Manufacturer: They produce a product and sell it to a wholesaler Wholesaler: They add value and sell it to a retailer Retailer: They add a meetup ...

NATIONAL NEWS - The Western Cape High Court’s ruling today, Sunday 27 April, that a VAT hike must officially be suspended is a victory for all South Africans. In this case brought by the Democratic ...

The Western Cape High Court has ruled to suspend the VAT increase announcement made last month, preventing the tax hike from taking effect on May 1. In a significant ruling, the court also overturned ...

Pope Francis died at age 88 on April 21, setting off a series of centuries-old rituals to select a new leader of the Catholic Church. Pope Francis, the 266th leader of the Roman Catholic Church ...

Finance Minister Enoch Godongwana has welcomed the court order confirming there will be no VAT hike from May 1. / Gallo Images The Western Cape High Court has confirmed that there will be no value ...

Their aim? To secure £500,000 to challenge Uber’s approach to VAT obligations at the Supreme Court. The session explores why some operators are acting now, highlighting the risks of a significant ...

The Democratic Alliance (DA) says it has filed supplementary court papers in the Western Cape High Court in the challenge against a VAT increase. While Finance Minister Enoch Godongwana announced on ...

How to deal with an overpayment of VAT output tax. A number overpayments of Output Tax (£500,000) have been made on previous VAT returns by previous incumbent, these have been assigned to VAT @ 20% on ...