26.7 C
Monday 19 February, 2018
The official Financial Regulation Journal of SAIFM
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Residential property developers face cash flow crunch due to VAT on...

Many residential property developers will kick off 2018 with a major cash flow challenge as a result of a substantial value added tax (VAT) liability which they may face in respect of the temporary letting of residential units which have been developed for resale.

Watch out for VAT changes in 2018 Budget Speech

February’s budget speech is expected to hit a slightly more optimistic note as a result of resurgence in business and consumer confidence.