The following is the News flash 2023/35 published by the PAGSA on September 9, 2023 regarding the SARS Notice: VAT modernisation Discussion paper.
SARS NOTICE: VAT MODERNISATION DISCUSSION PAPER
SARS has published a Discussion Paper on VAT Modernisation. The intention of the publication is to invite vendors to submit contributions and comments before 31 October 2023.
The published document can be accessed via the following link:
https://www.sars.gov.za/discussion-paper-on-value-added-tax-modernisation/
SARS NOTICE FOLLOWS BELOW:
Dear Valued Stakeholders
SARS has published a Discussion Paper on VAT Modernisation. This is in pursuit of its strategic objective of modernising its systems to provide digital and streamlined online services and making it easy for taxpayers to comply with their obligations.
This discussion paper sets out the high-level vision for the modernisation of the South African Value-Added Tax (VAT) administrative framework.
The intention of publishing the discussion paper is to invite businesses (vendors), accounting system software developers or suppliers, technology entities, recognised controlling bodies, public finance entities, municipal finance entities and the public to submit contributions, and comments, as part of a consultative process to modernise the VAT administrative framework.
Comments may be submitted by close of business on 31 October 2023 to [email protected]
Linking from the SARS website homepage – https://www.sars.gov.za/:
