Mar 17, 2025 · 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 ...

Oct 21, 2024 · A vendor must complete a VAT 201 return (declaration) for every tax period and submit it to SARS on or before the due date. The return reflects VAT charged on supplies (output tax) and amounts a vendor is entitled to deduct as input tax.

Mar 10, 2021 · LAPD-VAT-G01 – VAT 403 Vendors and Employers Trade Classification Guide. 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

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

Feb 20, 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

SARS contact centre (0800 007 277) or visit the SARS website (www.sars.gov.za). Additional information may be obtained in the VAT 404 - Guide for Vendors, which is available on the SARS website: www.sars.gov.za or at your local SARS branch.

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.

Value-Added Tax Act 89 of 1991; • “vendor” means any person who is or is required to be registered under the VAT Act; and • any word or expression bears the meaning ascribed to it in the VAT Act. 1. Purpose This Note – • sets out the legal framework for the VAT treatment of supplies of goods or

This guide is a general guide concerning the application of the value-added tax Act (VAT in respect of municipalities in South Africa. Although fairly comprehensive, the guide does not