Munsoft Matters: mSCOA CIRCULAR NO.12 – GUIDANCE ON VAT
Munsoft Matters | 18 Oct 2021 - 09:43
Dear Munsoft Client,
Kindly take note of mSCOA Circular No.12 – Guidance on VAT that was issued recently by National Treasury.
The purpose of this circular is to provide guidance to municipalities on how to budget, transact and report for Value Added Tax (VAT) using the Municipal Standard Chart of Accounts (mSCOA) chart.
The mSCOA Circular No.12 can be viewed attached.