Important VAT Update: 15.5% Effective 1 May 2025

Important VAT Update: 15.5% Effective 1 May 2025

Important VAT Update: 15.5% Effective 1 May 2025

In accordance with the new South African VAT legislation, PropWorx will implement the updated VAT rate of 15.5% effective from 1 May 2025.

What this means for you:

  • Automatic Update: All existing fees already created in the system will automatically be updated to reflect the new 15.5% VAT rate as of 1 May 2025.
  • Standard Rate: Any new fees created from 1 May will automatically apply the 15.5% VAT rate as the default.
  • Fee Reversals: Any reversals of transactions originally charged at 15% will remain at 15% to ensure compliance and accuracy.
  • No Action Required: These changes will be handled by the system, and no manual updates are needed on your part.

If you have any questions or need assistance, please don’t hesitate to contact our support team at support@mypropworx.com.

Thank you for your continued trust in PropWorx.

© 2025 PropWorx | All rights reserved.

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