The SAIT VAT Technical Work Group submitted proposals for inclusion in Annexure C of the 2026 Budget Review, addressing technical VAT issues and legislative ambiguities. The document outlines problems in current VAT provisions, such as the sale of a going concern, refund processes for overpaid output tax, estimated assessments under the Tax Administration Act, zero-rating rules for services and exports, and VAT treatment of precious metals, and recommends targeted amendments to improve clarity, fairness, and administrative efficiency. It emphasizes the need for legislative updates to align with economic realities, reduce compliance burdens, and prevent costly disruptions for taxpayers and SARS.
READ MORE
