2025 VAT Update
Presenters : Adv Christel van Wyk
Overview
The 2025 Taxation Laws Amendment Bill proposes broadening the VAT exemption to include all goods and services supplied by basic education institutions—particularly schools—in line with the longstanding policy objective of excluding such entities from the VAT system. In practice, this exemption would require VAT-registered schools to deregister, thereby removing their ability to claim input VAT. The effect of the forced deregistration is that all the input VAT claimed on capital assets since registration must be repaid. In addition, the definition of “electronic services” was updated with effect from 1 April 2025.
Given SARS’ accelerated modernisation efforts to adopt and implement real-time, or close-to-real-time, transmission of VAT data from vendors to SARS and the reporting of VAT data using the modern VAT return, it is essential for legal practitioners to stay up-to-date with current developments in VAT compliance.
Join Adv. Christel for guidance on the practical application of VAT amendments and VAT modernisation.
Learning objectives
Attending this webinar will equip you with the following skills:
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An understanding of VAT amendments made under the latest legislative cycle.
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An awareness of recent VAT proposals.
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Updates on VAT Regulations relating to electronic services.
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Understanding of recent case law, specifically including reference to the Virgin Mobile case.
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Consideration of some practical VAT aspects.
Content
The webinar will cover the following topics:
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VAT amendments made under the latest legislative cycle.
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More recent VAT proposals;
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VAT Regulations relating to electronic services.
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Recent case law.
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Practical VAT aspects.