Workshop for draft regulations prescribing 'electronic services' for VAT purposes
12 February 2014
Posted by: Author: National Treasury & SARS Legal and Policy
Author: National Treasury and SARS Legal and Policy
The draft regulations prescribing electronic services for the purposes of the definition thereof in section 1 of the Value-Added Tax Act, 1991, was issued by National Treasury on 30 January 2013.
The publication follows the Minister of Finance’ announcement in the 2013 Budget that all foreign businesses supplying e-books, music and other digital services in South Africa will be required to register as Value Added Tax (VAT) vendors.
As part of the public consultation process, National Treasury and SARS will be holding a workshop to provide stakeholders with the opportunity of discussing their comments on the draft Regulation. In addition, SARS will provide information pertaining to the implementation of the regulation, which will include the process to be followed to register these foreign entities.
The SAIT will be submitting comments to National Treasury on the Draft Regulations. All members are urged to send their comments and concerns on the Draft Rules to email@example.com by no later than 19 February 2014.
Should you wish to attend this workshop (that will take place on Thursday 20 February 2014 at in Pretoria and will commence at 10am) please contact Prof Sharon Smulders at firstname.lastname@example.org before Tuesday 18 February 2014. Please note that space is limited.
Please click here to access the Draft Regulations prescribing Electronic Services.