Canada
From 1 April 2025, the Canadian province of Nova Scotia will reduce the HST rate applied within the province from 15% to 14%. There are no other HST rate changes in any other Canadian provinces.
If you are selling to customers in Nova Scotia where you are charging HST, you will need to ensure that the correct rate of HST is applied on sales from 1 April 2025.
South Africa
The South African Revenue Service (SARS) has confirmed that foreign traders who supply electronic services only to business customers in South Africa, will not have to charge and account for VAT on their sales from 1 April 2025.
Instead, the reverse charge will apply, meaning that the South African business customer receiving the electronic service will account for and report the VAT in their own VAT reporting. SARS also confirmed that this will not apply where the non-resident company is also selling to consumers as well as businesses in the country. In those cases, the non-resident supplier will still have to VAT register in order to charge VAT on all their supplies including those to business customers.
The above news was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].
