Tersia van Schalkwyk

The impact of the VAT rate change on property and related transactions

On 1 May 2025, the value-added tax (VAT) rate will increase by a 0,5 percentage point to 15.5%, followed by an increase of another 0,5-percentage point on 1 April 2026 to bring the...

New VAT regulations published

On 14 March 2025, National Treasury published three long-awaited value-added tax (VAT) regulations in final format, which were initially released in draft format on 1 August 2024 for...

Rising rates, rising resilience: Navigating the VAT rate increase

With another value-added tax (VAT) rate increase on the horizon, businesses are once again required to navigate both the legal complexities and the operational challenges that come...

2024 Budget summary: VAT

2023 Budget summary: VAT

Specific supplies in the short-term insurance industry.

VAT on imported services: A potential compliance risk

Value-added tax (VAT) is levied on the supply of goods or services by registered vendors, on the importation of goods and on the importation of services into South Africa.

The VAT consequences of the assumption of liabilities

When a purchaser acquires a business, they often also assume some or all of the seller’s liabilities in relation to the business. In negotiating the purchase price, the purchaser may...

Value-added tax

Despite much speculation regarding another increase in the value-added tax (VAT) rate as well as the introduction of a higher VAT rate for luxury goods, the VAT rate will remain unchanged...

VAT on temporary letting of residential property by developers: The new rules

The Taxation Laws Amendment Act 20 of 2021 will insert a new section 18D into the Value-Added Tax Act 89 of 1991 (the VAT Act) with effect from 1 April 2022. Section 18D deals with...

Loyalty programmes: VAT clarified

The number of loyalty reward programmes have increased drastically over the last few years. Although the programmes vary, the business rationale is more or less the same: they encourage...