South Africa: VAT rate increase “checklist” | KPMG | GLOBAL

South Africa: VAT rate increase “checklist” before 1 April 2018

South Africa: VAT rate increase “checklist”

The increased rate of value added tax (VAT), effective 1 April 2018, will affect all industries.

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The rate of VAT will increase to 15% on 1 April 2018. Certain industries may have specific challenges with respect to the transition to the 15% rate of VAT because of the nature of supplies, the timing of supplies, and the applicable transitional rules.

 

Read a March 2018 report [PDF 857 KB] prepared by the KPMG member firm in South Africa

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