Multinationals supplying digitals goods and services will now have to register for VAT in South Africa under the budget 2013, announced on Wednesday. The measure is to reduce the loss of revenue resulting from VAT non-compliance.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap