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.

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.