National Treasury proposes VAT changes for cross-border e-commerce services

[mylesillidge]

Major online shopping VAT changes proposed

The National Treasury has proposed major changes to how Value-Added Tax (VAT) is collected on cross-border e-commerce services.

This was revealed as part of the Treasury’s proposed Draft Taxation Laws Amendment Bill for 2024. Significant changes are set to be made to income tax and VAT legislation.

 

[lordnokon]

Stop over fcuking charging on VAT!

 

[system32]

Jean-Louis Nel, the tax director at Van Huyssteens Commercial Attorneys, highlighted that packages valued below R500 are subject to a 20% tax rate.

What's the problem?
20% > 15% VAT rate.
Many items are meant to be zero rated.

This is just SARS introducing at 20% + VAT import duty on zero rated items.

No wonder inflation keeps climbing with all this increased taxes.

Complain now to SARS that you see thru their scam.

 

[rvZA]

You can no longer steal from Peter to pay Paul. Peter too no longer has anything left. Good luck though.

 

[rh1]

People need to stand up and say enough is enough!

General public, only have votes to change things.

And @ShaunSA is not voting, so we reliant on the ANC and DA fanbois for a better improved new GNU dawn.

 

[My_King]

Just get your colleagues from to work to bring your stuff over.

Also don't trust MyBB expits on recommendations for shipping services.