VAT System Leakages in South Africa | Episode 7 | The Tax Awareness Show
Автор: The Tax Awareness Show
Загружено: 2025-02-24
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Addressing the Elephant in the Room: VAT System Leakages in South Africa
The recent postponement of the South African budget speech, partly due to disagreements over a proposed 2% VAT increase, highlights the urgency of addressing VAT system leakages. With estimated losses ranging from R22 billion to R50 billion annually, it's time to explore solutions to maximize tax revenue and allocate it effectively.
In our latest episode of The Tax Awareness Show, we're joined by Shannon Friedman, CEO and founder of VAT Modernisation SA. As a leading expert on VAT modernisation, Shannon shares insights on how e-invoicing can help South Africa close gaps in VAT leakages.
But that's not all! E-invoicing can also benefit entrepreneurs by improving efficiencies within their businesses. With real-time access to transactions, business owners can make informed management decisions, driving growth and success.
Tune in to learn more about the benefits of e-invoicing and VAT modernisation! #VATcompliance #TaxRevenue #EconomicGrowth #EInvoicing #BusinessEfficiency
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