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3596444 - VAT Rate Changes For South Africa Scheduled for 2025 and 2026

Symptom

On March 12, 2025, South Africa's Finance Ministry announced that the country's value-added tax (VAT) rate will increase. 

Starting from May 1st, 2025, the VAT rate will go up by 0.5% to 15.5%. Another 0.5% increase will follow on April 1st, 2026, bringing the rate to 16%. These changes will impact businesses and consumers.

"Image/data in this KBA is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental."


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Environment

SAP Business ByDesign

Product

SAP Business ByDesign all versions

Keywords

South Africa, VAT, change, rate , KBA , SRD-FIN-GLO-TAX , GLO - Tax Declaration , How To

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