The South Africa National Treasury published draft regulations for public comment on 6 October 2021 for the introduction of a domestic reverse charge mechanism for valuable metals, as well as the draft explanatory memorandum. The deadline for comments is 6 November 2021.
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PUBLICATION OF THE DRAFT REGULATIONS AND DRAFT EXPLANATORY MEMORANDUM ON DOMESTIC REVERSE CHARGE ON VALUABLE METALS IN TERMS OF SECTION 74 OF THE VALUE ADDED TAX ACT, 1991 (ACT NO. 89 OF 1991) FOR PUBLIC COMMENT
The…