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Understanding Zero-Rating for Indirect Exports
Company A (VAT vendor in SA), a mining supplies company, supplies coal to Company B (VAT vendor in SA)....
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Combatting Load-Shedding through SARS Tax Incentives
In the advent of unprecedented stages of load-shedding, most businesses and households have resorted...
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VAT on Indemnity Payments
It is imperative for VAT vendors to distinguish between a trade payment and an indemnity payment as the...
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Value-Added Tax: Dwelling vs Commercial Accommodation
In terms of the Value-Added Tax Act, the supply of residential accommodation can be seen as a “dwelling”...
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VAT implications on goods imported to South Africa
Importation of goods to South Africa In today’s world, many businesses seek to diversify their product...
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Principal vs Agent
As auditors, we come across a wide variety of expenses, projects, and agreements between numerous parties....
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VAT on Second-hand goods
A VAT Vendor can claim an Input tax deduction on Second-hand goods purchased from a Non-Registered Vendor.   What...
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Cryptocurrency: A Financial Service or Supply of Goods or Services?
Is there VAT on Cryptocurrency?  The use of cryptocurrencies has dramatically increased over the past...
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Claiming VAT on Construction
During October 2021, MaxProf’s audit team received an interesting request from a client regarding a VAT...
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