The purpose of the exemption is to strengthen the Government’s programs designed to fight COVID -19, after having declared a National State of Disaster published in Government Notice No. 313 of Government Gazette No. 43096 on 15 March 2020.
VAT Threshold Rises, But Deregistration Could Be Costly for SMEs
South Africa’s small businesses have welcomed the recent increase in the VAT registration threshold, but experts caution that opting out of VAT may carry hidden
