Dear Valued Client.
We’d like to inform you of an important change in South Africa’s tax legislation that may affect your business operations.
As announced by Finance Minister Enoch Godongwana, the standard rate of Value-Added Tax (VAT) will increase from 15% to 15.5%, effective 1 May 2025.
If your business is VAT-registered, you will need to update your systems and pricing structures to reflect the new rate by 1 May 2025. Please finalize your orders and payments within the month of April in order to take advantage of the current VAT rate.
We’ll continue to monitor the situation and provide updates as further guidance is released. If you have any questions about how this change may impact any of you quotes or orders please feel free to reach out.
Thank you for your continued support over the last 28 years.
Warm regards,
James and the team at Nautical Steel