VAT relief for essential services

Source: www.pexels.com

The purpose of this regulation is to assist with the cash flow of these businesses, as they now do not have to set-off the VAT paid on imports against the VAT charged on sales, but can simply pay over the full VAT on sales to SARS.

Find out more about SARS Disaster Management Tax Relief below:

For more, go to www.sars.gov.za