Tag Archive for: vat

Part 2: VAT Disputes – objections and appeals, why the battle?

Recently, we dealt with “the Rules” and important points concerning assessments. This time around, I want to focus on the objection process and specifically objection against an assessment raised. Read on for more.

5 Top tips on applying the new VAT rate – effective 1 April

So finally they did it. Increased the VAT rate to 15% from 1 April 2018. Your calculation will now be based using the tax fraction 15/115. But that’s not all you need to know

Invoice not paid? Here’s how to claim input tax on your bad debts…

If you’re registered for VAT on the invoice basis, you can legally claim back the VAT you paid as input tax on the bad debt. Read on to find out how.

7 Supporting docs you must have to substantiate your zero-rated VAT claims

There‘s a pile of important docs SARS needs if you want to substantiate your zero-rated goods and services, get it wrong & SARS will make you pay the VAT.

Exempt… or not exempt? When goods or services fall away from VAT

VAT in South Africa is mostly charged at 14%. But there are certain goods and services which entirely fall away from VAT. These are exempt supplies.

Tag Archive for: vat

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