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SARS opens discussion on e-invoicing and digital VAT reporting

|South Africa
South Africa

On 8 September 2023, the South African Revenue Service (SARS) published the Discussion Paper intended to simplify and modernize the current VAT system.

 

To achieve this, SARS unveiled public consultation on real-time reporting of VAT invoice data to ease the VAT return process.

 

How would the model look?

 

The VAT data acquired from the issued/received tax invoices or electronic t…

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