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Chad7012
Level 1
posted
‎March 25, 2025 10:13 PM
last updated ‎March 25, 2025 10:27 PM

A question regarding Standard / Default VAT in QBO for South African Users

A question regarding Standard / Default VAT in QBO for South African Users : When Vat increases in 1 May 2025 from 15% to 15,5% will this automatically be adjusted in QBO for all new invoices generated on 1 May and onwards or is there a manual intervention that will be required to make these changes?

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1 Comment 1
CamelleT
Moderator
Moderator
‎March 26, 2025 01:22 AM

A question regarding Standard / Default VAT in QBO for South African Users

Yes, Chad. The Standard/Default VAT rate will be automatically adjusted in QuickBooks Online (QBO). Let me discuss the specifics below.

 

First off, it's important to note that QBO is compliant with the regulations set by your tax agency. Therefore, when the VAT rate changes from 15% to 15.5 % on May 1, 2025, the program will promptly update its system to reflect this change.

 

Furthermore, all invoices generated from that date onward will automatically apply the new VAT rate, so you won't need to make any manual adjustments.

 

Additionally, in case you need to make modifications to a specific VAT rate in QBO, you can refer to this resource for guidance on the implications of changing your VAT rates and for assistance in making those adjustments: Edit VAT rate in QuickBooks Online.

If you have other questions about handling VAT rates in QBO, click the Reply button below. We'll be here to assist.

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