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DTC releases first interim report on VAT

Finance Minister Nhlanhla Nene
Photo by Government ZA
Finance Minister Nhlanhla Nene

7th July 2015

By: Natasha Odendaal
Creamer Media Senior Deputy Editor

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Following its submission to Finance Minister Nhlanhla Nene in December, the Davis Tax Committee (DTC) on Tuesday publicly released its first interim report on value-added tax (VAT) for public comment.

Interested parties had until September 30 to comment on the report that the VAT subcommittee had widely consulted on.

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About 23 submissions from the public were taken into account when producing the report.

The VAT report covered taxpayer compliance and the tax gap; structural features, such as zero-rating, dual rates, exemptions, place of supply rules and e-commerce; and the macroeconomic impact of raising VAT.

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