South Africa is a strong emerging Market and a major year on year increase in international trade with the EU as well as other countries across the globe.
South African VAT legislation stipulates that that non-resident businesses who make taxable supplies in the country have to register for VAT and charge local VAT on sales. It is mandatory for non-resident business to appoint a local representative to file all VAT returns.
The local currency is the South Africa Rand and the local VAT rate is currently 14%.
Please contact Essentia for further specific advice.