The latest VAT Connect newsletter has been released by SARS
The August 2022 issue of the VAT Connect newsletter has been published by SARS and deals with a few topics including the SARS tax practitioner readiness programme, the opening of individual filing season and auto assessments.
The August 2022 issue of the SARS VAT Connect newsletter covers the following topics:
- Proposed amendments emanating from the Budget 2022/23
- Recent amendments
- Domestic Reverse Charge (“DRC”) Regulations, including:
- Background and introduction
- What is contained in the DRC Regulations?
- When and to whom do the DRC Regulations apply?
- General effect of the DRC Regulations
- Valuable metal
- Exclusions from “valuable metal”
- Declaration of VAT under the DRC Regulations
- Administrative duties and responsibilities of the supplying vendor
- Administrative duties and responsibilities of the recipient vendor
- Joint and several liability
- Effective date and transitional rules
- VAT rulings and decisions
Find a copy of the newsletter here.
16/08/2022