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South Africa Tax - Domestic Reverse Charge Vat SA

Domestic Reverse Charge vat has been introduced in South Africa for precious metal supplies and allied products. Please could this feature be added to the SA Xero?

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Alex Gogos shared this idea  ·   ·  Report…  ·  Admin →
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  • Chiedza Ntuli commented  ·   ·  Report

    What will it take for Xero to treat this with high importance?

  • Alex Gogos commented  ·   ·  Report

    It is more than 3 years since I first requested this function for SA Vat!! This is not great from Xero!

  • Tony Correia commented  ·   ·  Report

    Not supporting this function will result us in having to look to alternative options or solutions.

  • Cormac McCreesh commented  ·   ·  Report

    This small issue renders the Xero VAT201 submission useless and requires manual intervention. Please can this be dealt with

  • Sannet Bouwer commented  ·   ·  Report

    The new VAT Domestic Reverse Charge (DRC) on valuable metal is implemented from 1 July 2022. The DRC means that the liability to account for and pay the VAT charged by the supplier on a transaction involving valuable metal will shift from the supplier to the recipient. This is only applicable when bot the supplier and recipient is VAT registered. Can you please incorporate this into Xero. Attached is a video of how Sage incorporated that into the program. If the program does not support DRC then it makes declaring and handling the DRC very dificult.

  • Alan Shenton commented  ·   ·  Report

    Hi, DRC VAT calculations are causing huge issues for us and reporting thereof to SARS. It is still not available as a feature in Tax Rates like it is for the UK Xero setup. It's very simple, we are only talking about 15% on income / expenses correctly applied to Field 12 in the VAT 201 table so that we can submit directly to SARS without manual journals and excel spreadsheets.

  • Werner Wepener commented  ·   ·  Report

    Similar to the Reverse Charge mechanism in the UK, South Africa introduced the same for dealers in precious metals. With current functionality, the reporting is extremely time consuming, where I would expect Xero should be able to quickly validate and potentially duplicate the UK method.

  • Karen Awadalla commented  ·   ·  Report

    This is important.

    Domestic Reverse Charge Vat has been introduced in South Africa for precious metal supplies and allied products. Please could this feature be added to the SA Xero?

  • Leandrie Botha commented  ·   ·  Report

    Domestic Reverse Charge Vat has been introduced in South Africa for precious metal supplies and allied products. Please could this feature be added to the SA Xero? Invoices since 1 July 2022 must show this specific layout