Business Issues, Transitional Issues, System Issues
The budget announcement to increase VAT to 15% on 1 April 2018 impacts all industries. Some industries may have particular issues with the transition to 15% VAT due to the nature of supplies, the timing of supplies and the applicable transitional rules.
© 2020 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.