Tersia van Schalkwyk
Tersia van Schalkwyk is a Tax Consultant in our Tax & Exchange Control practice. She specialises in VAT in various industries including banking, insurance, manufacturing, property, retail and telecommunications.
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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...