Carol Cousins - Broker - Sadara Commercial Properties

21/03/2018

NEW VAT RATE AND MUNICIPAL SERVICES

Invoices for municipal services are usually issued after the services have been rendered. Therefore, if invoices for services actually rendered during March 2018 are issued for payment on or after 1 April 2018, VAT will be charged at 14%. VAT on services rendered on or after 1 April, will be levied at 15%.

Charges for property rates will however not be affected as these charges are subject to VAT at the zero rate.

For more on the VAT changes, visit our website.

21/03/2018

16/03/2018

Commercial properties could therefore be subject to the 15% VAT-rate if the time of supply is on or after 1 April 2018.

By now the whole of South Africa is aware of the increase in the VAT-rate to 15%, announced during the 2018 Budget Speech. The increase in the VAT-rat...

15/03/2018

Business confidence in SA is on the up. There’s a shift in sentiment – is it a sustained improvement?

RMB chief economist Ettienne le Roux talks to Business Day TV about what the business confidence data means

07/03/2018

Property Details Prime Grade offices in this 4-Star Green Star Redevelopment! Availability: Immediate Four Star Green Star Build P-Grade Office Park located in the heart of Bryanston with easy access to N1 Freeway, William Nicol Drive and Main Road. Iconic buildings nestled in an expansive garden se...