![]() ![]() Firstly, non-resident suppliers of electronic services are required to register once the value of taxable supplies has exceeded ZAR 1 million in any consecutive 12-month period. Other vendors may elect to register as VAT vendors, provided their annual turnover exceeds ZAR 50,000. Some specific rules apply. VAT registration and administrationĪll suppliers of goods and services having an annual turnover exceeding ZAR 1 million or which are expected to exceed ZAR 1 million in the next 12 months in terms of a written contractual agreement are required to register as VAT vendors and to charge output tax. Sales or supplies by non-vendors are not subject to VAT. The tax is collected by businesses that are registered with the SARS as ’vendors’ on all taxable supplies throughout the production and distribution chain. Very few business transactions carried out in South Africa are not subject to VAT. With effect from 1 April 2018, the standard rate of VAT is 15% (prior to that date, the standard rate was 14%). It is levied at two rates, namely a standard rate and a zero rate (0%). The tax is designed to be paid mainly by the ultimate consumer or purchaser in South Africa. ![]() VAT is an indirect tax that is largely directed at the domestic consumption of goods and services and at goods imported into South Africa.
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