South Africa (ZAF)

South Africa (ZAF)

VAT form setup and entry

South Africa (ZAF)

The South African VAT-201 declaration has been integrated into the global VAT framework.

Within the VAT framework, the following functionalities are available:

  • Define VAT boxes(GESVTB) using the new setup DCLVATZAF1.
  • Create a VAT form(GESVEF) based on the VAT box setup. A pre-defined VAT form setup based on the VAT-201 report of the South African Revenue Service is available.
  • Create the VAT return(GESVFE) to calculate amounts to declare for a defined period.
  • Store extraction results to track potential adjustments and to drill down from a VAT box to the related transactions.
  • Submit multi company declarations based on VAT entities(GESVATGRP).

Important changes:

  • The South African VAT declaration function (DCLVATZAF) has been deprecated.
  • DCLVATZAF can no longer be executed through a Recurring task(GESABA).
  • Run the DCLVATDEBZAF2report for VAT declaration on debits using the query number to reprint declarations generated prior to this update.

New outbound bank file formats (templates) available

Additional bank file formats are available as part of the default setup for the South African legislation:

  • HSBC iFile
  • Nedbank Business Secure Format