VAT on electronic services

Tags: Accounting, VAT Reading Time: 3 minutes On 24 October 2018, National Treasury published new regulations pertaining to “electronic services” defined in Section 1 of the Value Added Tax (VAT) Act of 1991. These regulations relate specifically to the provision of...

5 Top tips to use during a SARS VAT Verification

Tags: E-filing, SARS, VAT Reading Time: 5 minutes Following a discussion with fellow senior employees at the MMS Group we felt it necessary to share some essential tips regarding the SARS VAT verification process. It is essential that the correct documents are...

Transfer of a property: is VAT or Transfer Duty payable?

Tags: SARS, Transfer Duty, VAT Reading Time: 4 minutes A purchaser is responsible for payment of transfer cost when acquiring an immovable property, but it should further be established if the transaction is subject to the payment of VAT or transfer duty to SARS. When...