Feb 11, 2025 · What is VAT? VAT is an abbreviation for the term Value-Added Tax. It is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for government by requiring certain traders (vendors), that carry on an enterprise to register for VAT.

Dec 13, 2024 · Immediate allocation of a new VAT registration number upon application. Where no risk is identified, SARS will issue a VAT reference number immediately. How to register for VAT on eFiling. Follow the easy steps below to register for VAT on eFiling: Step 1. Create or logon to your eFiling profile. Step 2. Navigate to SARS Registered Details ...

LAPD-VAT-G10 – VAT 421 Guide for Short Term Insurance. LAPD-VAT-G13 – Pocket Guide on the VAT rate increase on 1 April 2018. LAPD-VAT-G14 – VAT FAQs Increase in the VAT Rate from 1 April 2018. LAPD-VAT-G16 – VAT FAQs Supplies of electronic services. Legal-Pub-FAQs-VAT12 – FAQs on BGRs 40 and 41 Non-executive Directors (VAT and PAYE)

Oct 21, 2024 · What documents do I need to register for VAT? Refer to the Guide for Completion of the VAT Application (VAT-Reg-02-G01) for a detailed list of supporting documents that must be submitted with VAT Registration application.

Jan 16, 2025 · This quick reference guide provides information and guidelines regarding the VAT treatment of non-executive directors (NEDs) and should be read in conjunction with: BGR 40 (Income Tax) – Remuneration paid to non-executive directors

Dec 13, 2024 · South Africa has a VAT refund mechanism to refund the amount of VAT that is charged at 15% and paid on the acquisition of goods by a qualifying purchaser. The qualifying purchaser must submit a claim for the VAT refund at the time of departure from South Africa or at the time the goods are exported by the qualifying purchaser from South Africa.

Dec 13, 2024 · If a vendor is entitled to a VAT refund, SARS must pay that VAT refund within 21 business days of receiving the correctly completed VAT return. If the refund is not paid within this time, SARS must pay interest to the vendor.

(1) SARS imposed VAT in respect of the four VAT periods (August 2016 to November 2016) at the standard rate on ’s commissions KEN in the same – way as it has done in casu .

Jan 31, 2025 · What tax periods are available for VAT? The following five categories of tax periods are available:

Dec 13, 2024 · The VAT Act provides special dispensations to a vendor that carries on agricultural, pastoral or other farming activities (farming enterprise).