Tax & VAT Alerts

We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.
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Latest Tax Alerts

Liability of non-executive directors to account and register for VAT

In February this year, we issued a Tax Alert dealing with Binding General Ruling (“BGR”) 40 and BGR 41, which deal with the employees’ tax and VAT implications of directors’ fees received by non-executive directors (“NEDs”) respectively. The South African Revenue Service (“SARS”) recently published an updated version of BGR 41, which deals with the VAT implications. The updated version of BGR 41 (Issue 2) replaces the version of BGR 41 published in February. Essentially, the new version of BGR 41 addresses the liability of non-executive directors (“NEDs”) to register and account for VAT before the date on which BGR 41 is to start applying (i.e. 1 June 2017).

Latest VAT Alerts

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Sonja Nel
Associate Director
Tel: +27 (0)11 797 4207

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