Businesstech.co.za quotes the Firm in an article on implications of proposed changes to the VAT Act in South Africa.
Law firm Fasken has warned that proposed changes the VAT Act in South Africa could soon see local distributors and consumers footing the bill for VAT charges on electronic services and software products.
“Before 2014, the supply of inbound electronic services required the South African recipient to declare VAT on these services. That didn’t work so well. So, with effect from 1 June 2014, the VAT Act was amended and regulations were introduced which changed the way that certain imported electronic services were to be taxed,” the law firm said.