The Finance Bill 2026/27 will cut the input VAT for agricultural exporters from 16% to 8%, remove excise duty on packaging materials such as kraft paper, and scrap export promotion levies. It also allows faster offsetting of VAT refunds, offers special tax treatment for long‑standing 100% exporters, and rationalises regulatory levies to ease logistics costs. The bill is scheduled to be tabled in Parliament in March 2026.
The input VAT for agricultural exporters will be reduced from 16% to 8%.
The bill is scheduled to be tabled in Parliament in March 2026.
The bill removes excise duty on packaging materials such as kraft paper, scrapes export promotion levies, and allows faster offsetting of VAT refunds against future tax liabilities.
It offers special tax treatment enabling them to operate similarly to EPZs and SEZs.
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VatCalc · about 4 hours ago
Gabon will require electronic invoices as the sole basis for VAT deductions from July 2026, following the Finance Law 2026. A six‑month transition period allows businesses to use customs‑duty documentation in lieu of compliant e‑invoices. The law introduces standardized electronic invoices (FNE) and mandates that input VAT be shown separately on these documents.
LinkedIn · 7 days ago
Nigeria has extended its e‑invoicing and Electronic Fiscal System (EFS) to medium‑sized and emerging taxpayers. Medium‑size businesses (₦1B–₦5B revenue) must go live on 1 July 2026, while emerging taxpayers (under ₦1B) must go live on 1 July 2027, with enforcement starting 1 January 2027 and 1 January 2028 respectively. The mandate applies to all VAT‑registered businesses issuing invoices for taxable transactions in Nigeria and requires real‑time invoice generation, validation and transmission through the government platform.
EY · 11 days ago
EY discusses the e-invoicing requirements for South Africa, outlining what CFOs and COOs should consider to comply with the new digital invoicing rules.
SABC News · 11 days ago
The Western Cape High Court declared Section 7 of South Africa's VAT Act unconstitutional, ruling that the Minister of Finance cannot unilaterally raise the VAT rate. The court imposed a 12‑month period before Parliament can confirm or reject any VAT rate adjustments, and the proposed 1% increase announced in the 2025 Budget Speech was withdrawn.
Streamline Feed · 15 days ago
The Nigeria Civil Aviation Authority (NCAA) has ordered Overland Airways to refund passengers who were incorrectly charged Value Added Tax (VAT) on flight tickets purchased before the Finance Act’s exemption took effect on 1 January 2026. The directive underscores the NCAA’s role in enforcing consumer protection and ensuring compliance with the new VAT exemption for commercial flight tickets. The order requires immediate action from the carrier to reimburse affected passengers.
BusinessDay · 16 days ago
Finance Minister Enoch Godongwana raised South Africa’s VAT registration threshold from R1 million to R2.3 million in the 2026 budget speech, easing compliance burdens for SMBs and encouraging digital growth. The move removes a key growth constraint and signals a broader push toward digitalisation and innovation.
