South Africa Issues Ruling on VAT Invoices, Currency Conversion and Advertised Prices for Electronic Service Supplies

On 26 March 2015, the South African Revenue Service (SARS) published General Binding Ruling (VAT) No. 28, which sets out the information requirements for an invoice, credit or debit note for electronic service supplies to South African recipients, as well as the rules for currency conversion and advertised or quoted pricing.
Invoices
According to the ruling, invoices for electronic service s…
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