Deregistering as a VAT vendor can be challenging, according to the Office of the Tax Ombud (Oto). This comes after the office received a complaint from a taxpayer against the South African Revenue ...

“This obligation to register is measured on the value of taxable supplies rather than actual amounts received, and will apply regardless of the entity through which the business is carried, i.e. sole ...

Currently, all vendors registered on the invoice basis for VAT must pay back input tax claimed to the extent these vendors have not paid for the supply within 12 months. The pay-back provision aims to ...

SARS has now issued a Discussion Paper on Value-Added Tax Modernisation to explain its plans and seek input from VAT vendors, accounting system software developers or suppliers, recognised controlling ...