Daily Tax Report: International

South Africa Tax Agency Issues FAQs on Accelerated VAT Refunds Due to Coronavirus

May 22, 2020, 5:00 AM

The South African Revenue Service May 18 issued FAQs on accelerated VAT refunds for vendors due to the coronavirus pandemic. Topics covered include: 1) an option for category B VAT filers to file monthly returns for July and August without losing their bi-monthly filing status; 2) taxpayers eligible for VAT relief; 3) methods for taxpayers to ensure VAT compliance and periods covered by VAT relief; 4) filing period extended deadlines for category A and category B VAT payers; 5) return submission methods and the determination of refund allowances. [South Africa, South African Revenue Service, 05/18/20]

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