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Davis Committee Seeks Taxpayers' Input On VAT Reform

by Lorys Charalambous, Tax-News.com, Cyprus

10 July 2015


The Davis Tax Committee has released two reports on potential options for value-added tax reform in South Africa.

The report follows an interim report issued at the end of last year, which was subject to a broad consultation. The new report covers options for reform in six areas, and also discusses the potential impact on the economy of raising the value-added tax rate.

The report includes proposals on the tax gap, zero-rating, dual (multiple rates), exemptions, place of supply rules, and rules on e-commerce.

Also released is a report from the International Monetary Fund, commissioned by the Davis Tax Committee, to support South Africa's ongoing review efforts.

Comments have been welcomed until September 30, 2015.

TAGS: South Africa | tax | value added tax (VAT) | commerce | e-commerce | tax reform | Africa | Tax

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