Profit Recovery Solutions

💰 South Africa's VAT is set to rise to 16% by 2027. But is this a real solution, or just another quick fix? Dr. Velenkosini Matsebula from Stellenbosch Business School recently shared his insights: 🚨 With slow GDP growth and nearly 28 million people relying on social grants, the tax burden keeps falling on fewer taxpayers. 🏢Small businesses that can’t claim VAT credits will struggle. Consumers already facing high inflation, joblessness, and rising costs will feel the pinch. 💸SA will spend R389.6 billion on debt servicing this year—more than on health or education. Raising taxes isn’t solving the root problem. 🏭 Instead of relying on more taxes, SA needs industrial expansion, tax compliance enforcement, and better public spending to sustainably increase revenue. 👉 Your thoughts? Will a VAT hike help or hurt the economy? 📖 Source: Stellenbosch Business School, read the full article here: 🔗https://lnkd.in/dh7XavQj #VAT #TaxPolicy #SouthAfrica #EconomicGrowth

At Profit Recovery Solutions, we take pride in delivering meticulous VAT analysis that helps businesses identify unclaimed input VAT, optimise processes, and ensure full compliance. A recent client shared their experience working with us: ✅ Expertise & Efficiency – A thorough transactional analysis to uncover overlooked VAT input claims. ✅ Clear, Actionable Insights – Practical recommendations to streamline VAT processes. ✅ Seamless Communication – Keeping clients informed every step of the way. We’re grateful for the trust our clients place in us and remain committed to delivering accurate, efficient, and impactful tax advisory services. 📢 If you're looking to recover missed VAT and enhance financial efficiency, let's talk! #VATRecovery #TaxCompliance #FinancialEfficiency #ProfitRecovery #BusinessGrowth #VATExperts #ProfitRecoverySolutions

If you're renting a home for long-term stays, there’s no VAT. But for short-term stays (like hotels or guesthouses), VAT applies if you earn over ZAR120,000 per year. 💡 Pro Tip: For stays over 28 days, VAT is charged on only 60% of the all-inclusive charge. #VAT #BusinessTips #PropertyManagement #ShortTermRentals

From the UK’s 20% VAT to Australia’s 10% GST, indirect taxes play a crucial role in global economies. The UAE introduced VAT at 5% in 2018, while South Africa has been operating at 15% since 1991—each system with its own rules, exemptions, and compliance challenges. For businesses operating across these regions, understanding the differences in VAT/GST is key to staying compliant, avoiding penalties, and maximizing tax recovery. 💡 Want to ensure you’re not overpaying or missing reclaim opportunities? Let’s talk! #VAT #GST #TaxCompliance #InternationalBusiness #ProfitRecoverySolutions

Did you know that the UAE introduced VAT in 2018 as part of its economic diversification strategy? At just 5%, the VAT rate remains relatively low compared to global standards. 💡 Businesses with taxable supplies over AED 375,000 must register for VAT. However, key sectors like healthcare, education, and some financial services are exempt. Understanding VAT is essential for compliance and business success in the UAE. Are you VAT-ready? #VAT #UAE #BusinessTax #TaxCompliance #Finance

Selling property in South Africa? 🏢 If your business sells land or buildings as part of its regular activities, VAT (15%) applies—but no transfer duty is payable. For individuals or businesses selling property as a once-off transaction (not as part of their normal business operations), transfer duty is the norm unless a specific exemption applies. 💡 Pro Tip: Buying a second-hand property? To claim your input VAT deduction, ensure both payment is made and the property is registered in your name—timing is everything! #VAT #PropertySales #SARS #TaxTips #SouthAfrica

Selling your business? 💼 If you're selling to a VAT-registered buyer, the sale could be zero-rated (0% VAT), as long as it’s sold as a going concern and all assets are transferred. But if the buyer uses the business for non-taxable purposes, they’ll have to pay some VAT. #VAT #BusinessSale #TaxTips #GoingConcern

VAT Risk Reviews are designed to ensure that your business isn’t just cutting expenses but actively preventing financial leakages that could be draining your profitability. We help you uncover hidden risks, optimize VAT processes, and keep more of the value you've worked so hard to create. #FinancialLeadership #VATRiskReview #DriveValue #BusinessSuccess

Australia’s GST has held steady at 10% since 2000, making tax simple—but the debate isn’t over. Exemptions like healthcare and fresh food keep the conversation going. What’s your take? 💬 #GST #Taxation #Finance

Importing goods? 🌍 When you bring items into South Africa, you’ll pay customs duty, which can range from 0% to 60%, depending on the value. 💡 Good news: No duties apply if you’re importing from Botswana, Namibia, Lesotho, or eSwatini. You might also qualify for duty relief schemes or lower tariffs, depending on where your goods are from. #CustomsDuty #ImportTax #BusinessTips #InternationalTrade