SARS | New model to modernise VAT administration

The South African Revenue Service (SARS) has released the VAT Modernisation Consultation Paper for public consultation and comment.

The Consultation Paper outlines a proposed Digital VAT Model that brings together e-Invoicing, an Interoperability Framework and e-Reporting to reposition VAT administration for the economy, ease compliance obligations and strengthen oversight.

For more on this we are joined by SARS Commissioner Dr Johnstone Makhubu.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.