South Africa’s National Treasury has published its Electronic Services Regulations for public comment, following last year’s budget requiring foreign businesses supplying e-books, music and digital services to register as value-added tax (VAT) vendors. The regulations, according to the National Treasury, are part of the government’s bid to bring e-commerce under the VAT regime, as currently
The electronic payment system of the state (BAS) has been down since Sunday, 25 August 2013. This meant that departments could not capture and approve payments and the Provincial Treasury could not release the payment run to the Bank for the electronic fund transfer to suppliers. The MEC for Finance in KwaZulu-Natal, Ina Cronjé acknowledges
Receive Regular news of the latest in payments straight to your inbox.
