South Africa: Action before VAT rate increase | KPMG | GLOBAL

South Africa: Actions to consider before VAT rate increase

South Africa: Actions before VAT rate increase

South Africa’s value added tax (VAT) rate will increase to 15% effective 1 April 2018.

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Taxpayers affected by this 1% increase in the VAT rate may want to consider certain practical issues—it may not be as simple as increasing prices.  In addition, taxpayers would want to determine that their enterprise resource planning (ERP) systems can deal with more than one standard rate of VAT.

 

Read a February 2018 report [PDF 153 KB] prepared by the KPMG member firm in South Africa

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