5 Jun 2018
Value Added Tax
As from April 1st, 2018 the South African government has increased the Value Added Tax percentage from 14% to 15%. The VAT will be levied on all taxable goods or services supplied by vendors as well as on imported goods and services.
Certain commodities are subject to a lower rate or are exempt from VAT.
The VAT increase is central to a series of tax increases, including luxury goods duties as well as fuel taxes. The government wants to finance economic growth and social spending, such as health care and free higher education, through these tax increases and through cutbacks in government expenditure.
Source: SARS (South African Revenue Service)
Country page about South-Africa
If you are looking for more information about South-Africa, you can visit our country page under Practical info.
Required transport documents for export and imports and facts & figures can be found here.