SARS has set 15 May as the deadline for vendors to revert their systems to the 15% rate.
CAPE TOWN – The South African Revenue Service is urging businesses to revert their vending systems to the 15% value-added tax rate where possible before 1 May.pressure from political parties
While clarity is still awaited from the Treasury on how a new budgetary process will unfold in light of the withdrawal of key money bills, including that on VAT, SARS said it would make the necessary adjustments on its side to accommodate this change.
Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VAT to remain at 15% after Godongwana cavesThe finance ministry in a midnight announcement said the decision was informed by consultations with political parties
Read more »
JUST IN: Treasury reverses proposed VAT hike, will remain at 15%The proposed VAT increase has been reversed and will remain at 15%, bringing to an end a two-month battle over the hike
Read more »
Treasury reverses proposed VAT hike, will remain at 15%The proposed VAT increase has been reversed and will remain at 15%, bringing to an end a two-month battle over the hike
Read more »
'VAT On, VAT Off’: Dricus du Plessis Reacts to Finance Minister’s Reversal With Viral MemeDricus du Plessis trolled the Finance Minister’s VAT U-turn with a viral meme, dismissed injury rumours, and teased his next UFC fight announcement.
Read more »
DStv hikes prices from 1 May after VAT increaseDStv prices went up on 1 April - and they're going up again on 1 May. Here's what you will now pay from next month onwards ...
Read more »
ANC Considering Abandoning VAT Increase Ahead of 6 May Deadline, Party Failing To Attract SupportThe African National Congress may have to abandon the proposed VAT increase in this year's budget as numerous parties continued to oppose its implementation.
Read more »