South Africa Announces VAT Relief Measures
South Africa announced value-added tax relief as a response to the COVID-19 pandemic, according to an April 23 KPMG post. The VAT relief includes “fast-tracking” of VAT refunds, a measure that will allow some companies to file monthly VAT returns…
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instead of bimonthly returns, and a case-by-case “waiver of penalties” for “larger businesses,” the post said.