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Home Tag Archives: tax amendment

Tag Archives: tax amendment

Entertainment

A new South African tax on Netflix and other online services could see prices increase

By Darryn Bonthuys
November 29, 2018
in :  Entertainment, Gaming, Technology
61

National Treasury is looking to introduce a new regulation that would force international services to evaluate what they offer and reclassify themselves as an electronic service. The takeaway here, is that doing so will mean that these companies will have to register for VAT in South Africa, which likely means that consumers will be paying extra at the end of the day for their subscription of choice.

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