[dt_fancy_image type=”image” style=”2″ width=”350″ padding=”10″ margin_top=”0″ margin_bottom=”10″ margin_left=”0″ margin_right=”20″ align=”none” animation=”none” image=”https://archive.pharmaciae.org.za/wp-content/uploads/2018/08/VAT1.jpg” image_alt=”Pharmaciae – SAPC – Impact of increased VAT on fees payable to the South African Pharmacy Council”]
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Impact of increased VAT on fees payable to the South African Pharmacy Council
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During his Budget Speech in February 2018, the then Minister of Finance, Mr Malusi Gigaba, announced that the rate of the value-added tax (VAT) would increase from 14% to 15% effective 1 April 2018. As a result, on 23 March 2018, the South African Pharmacy Council published a Board Notice entitled “Fees payable to the Council under the Pharmacy Act, 53 of 1974, following adjustment in Value Added Tax (VAT)”.
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The new fees, as per this link, only apply to invoices dated or raised by Council on or after 1 April 2018.
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[dt_fancy_image type=”image” style=”2″ width=”569″ padding=”10″ margin_top=”0″ margin_bottom=”10″ margin_left=”0″ margin_right=”20″ align=”none” animation=”none” image=”http://pharmaciae.org.za/wp-content/uploads/2018/08/Fees_VAT.jpg” image_alt=”Pharmaciae – SAPC – Impact of increased VAT on fees payable to the South African Pharmacy Council”]
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