VAT

Difference Between VAT and TAX?

Difference Between VAT and TAX?

What Is the Difference Between VAT and Tax in South Africa? This guide explains the difference between VAT and tax. 

When To Submit VAT Returns

When To Submit VAT Returns

You can submit VAT returns any time through the month following the end of the VAT period

VDP01 – Voluntary Disclosure Application Form

VDP01 – Voluntary Disclosure Application Form

VDP01 – Voluntary Disclosure Application Form. This guide explains everything you want to know about voluntary disclosure applications.  

Who Qualifies To Pay VAT In South Africa?

Who Qualifies To Pay VAT In South Africa?

Today we are looking further at when a business is required to ‘pay VAT’, or rather, when they have to register as a VAT vendor with SARS.

Which Incomes Are Taxable Under PAYE And VAT

Which Incomes Are Taxable Under PAYE And VAT

This post will delve into the details to better understand which wages are subject to taxation under PAYE and VAT.

Why Do We Pay VAT?

Why Do We Pay VAT?

Why Do We Pay VAT? Today we dig deeper into why VAT exists, what it does, and who it most affects. 

What Is A VAT Reconciliation In South Africa?

What Is A VAT Reconciliation In South Africa?

How To File VAT Returns On eFiling

How To File VAT Returns On eFiling

Today we are looking at how to file VAT returns on eFiling in greater depth to help you.

What is a VAT Reverse Charge in South Africa?

What is a VAT Reverse Charge in South Africa?

Specifically, when it comes to valuable metals, the responsibility for accounting and paying VAT does a bit of a switcheroo.

How To Get A VAT Exemption Certificate

How To Get A VAT Exemption Certificate

Today, we will break down the idea of VAT exemption further and bring some clarity to this often-confusing area of VAT payments in South Africa.

What is Deemed VAT?

What is Deemed VAT?

What is Deemed VAT? Prepare yourself and immerse into the captivating realm of Value Added Tax (VAT).

How To Get A VAT Statement Of Account

How To Get A VAT Statement Of Account

Today we look closer at how to get a VAT statement of account, alongside other account types, from SARS eFiling.

What is Deferred VAT?

What is Deferred VAT?

Deferred VAT in South Africa pertains to the provision extended to Customs clients who are duly registered or licensed

How To Submit A Zero VAT Return

How To Submit A Zero VAT Return

Today we will be looking at what to do in these cases, as well as how businesses that make zero-VAT-rated goods should handle their VAT return.

What is the Difference Between TAX and VAT?

What is the Difference Between TAX and VAT?

There are two main characters in the tax story that individuals and businesses meet quite often - income tax and VAT.

How To Verify A VAT Number

How To Verify A VAT Number

Luckily, there is an easy way to verify a VAT number with SARS and ensure you are dealing with legitimate vendors and partners.

What is Excluding VAT?

What is Excluding VAT?

Picture this: you’re shopping in South Africa, and you see a price tag that reads “excluding VAT”. What’s it meaning?

What Kind Of Tax Is VAT?

What Kind Of Tax Is VAT?

VAT is payable to the Revenue Service, or SARS. Businesses that meet specific turnover thresholds are required to register for VAT with SARS

What is VAT Exclusive?

What is VAT Exclusive?

Understanding VAT exclusive is like having a secret code to unlock the true cost of goods and services.

What Are Zero-Rated VAT Items

What Are Zero-Rated VAT Items

Their handling for VAT purposes by the businesses that make them can be confusing, but we are here today to help explain zero-rated VAT items and how they are handled. 

What Is Exempt VAT?

What Is Exempt VAT?

Think of the goods and services that are exempt from VAT as the unique items in a bazaar that don’t carry the usual market tax, or VAT.

What Businesses Are VAT-Exempt?

What Businesses Are VAT-Exempt?

What Businesses Are VAT-Exempt?. Today we will look deeper into all three cases, and how to know if they apply to you.

What is VAT Inclusive and Exclusive of VAT?

What is VAT Inclusive and Exclusive of VAT?

These tags pertain to how the standard 15% market tax, or VAT, is applied to goods and services.

How To Claim A VAT Refund In South Africa

How To Claim A VAT Refund In South Africa

Today we look at some facts everyone should know about VAT refunds in South Africa and claiming them.

What Differentiates Customs Duty From VAT?

What Differentiates Customs Duty From VAT?

Customs Duty is a tax that the South African government charges on imported goods. VAT is imports to local transactions.

What Is Reverse VAT in South Africa?

What Is Reverse VAT in South Africa?

However, as a newly-introduced concept, there is a lot of uncertainty surrounding it. Today we hope to clear up some of that confusion.

What Is the Penalty For Late Filing Of VAT Return?

What Is the Penalty For Late Filing Of VAT Return?

This presentation will focus on the particulars of these penalties, shedding light on the potential repercussions of filing and paying a VAT return late

What Is The Difference Between Exempt And Zero-Rated for VAT?

What Is The Difference Between Exempt And Zero-Rated for VAT?

It is critically important to understand what each of these two distinctly separate categories means, and how it will impact your business if you operate with either. 

What Is Output And Input VAT?

What Is Output And Input VAT?

This article is like a game guide, delving into the intricacies of Output VAT and Input VAT

What Is The Penalty For Late Payment Of VAT In 2024?

What Is The Penalty For Late Payment Of VAT In 2024?

Today we are looking at what to do in the event of penalty for late payment of VAT. 

VAT201 – Vendor Declaration

VAT201 – Vendor Declaration

VAT201 – Vendor Declaration. Read on to learn everything you want to know about the VAT201 vendor declaration.  

How Much Does SARS Pay Out Monthly for VAT Claims?

How Much Does SARS Pay Out Monthly for VAT Claims?

How Much Does SARS Pay Out Monthly for VAT Claims? Keep on reading to learn everything you want to know about VAT claims.   

How Much Percentage Is VAT In South Africa?

How Much Percentage Is VAT In South Africa?

Today we will delve into the VAT rate, what items are VAT-free, how to calculate the 15% VAT in South Africa

How To Check VAT Registration Status

How To Check VAT Registration Status

How To Check VAT Registration Status. Today, we look at some ways to check VAT registration status in South Africa.

How Long Does It Take to Claim VAT Back?

How Long Does It Take to Claim VAT Back?

In this comprehensive guide, we'll explore the timeframes for claiming VAT refunds, how to check the status of your refund

How Much Is the VAT Threshold?

How Much Is the VAT Threshold?

How Much Turnover Is Required For VAT Registration?

How Much Turnover Is Required For VAT Registration?

To register for VAT in South Africa, you have to meet certain minimums set by SARS. Here’s everything you need to know about this.

Are Salaries Exempt from VAT?

Are Salaries Exempt from VAT?

This piece seeks to elucidate how Salaries are treated under VAT in South Africa, differentiate between zero-rated and exempt supplies

How Much Is the Fine for Late VAT Return?

How Much Is the Fine for Late VAT Return?

This guide explores the penalties for late VAT return submissions in South Africa, how late payment interest and penalties are calculated

How to Calculate Gross Amount From VAT

How to Calculate Gross Amount From VAT

This explains everything you want to know about calculating gross amount and net amount from VAT.   

How to Register for VAT Online

How to Register for VAT Online

Today, we look in-depth at the VAT registration process, how to do it online, and everything else you need to know

Can a South African Sole Proprietor Register for VAT?

Can a South African Sole Proprietor Register for VAT?

This comprehensive guide will address this question and provide insights into VAT registration for sole proprietors

How Much is the VAT Rate in South Africa?

How Much is the VAT Rate in South Africa?

This guide offers comprehensive insights into the VAT rate, the calculation process, exempt items, and the minimum income threshold for tax payment

How to Calculate VAT Payable Or Refundable

How to Calculate VAT Payable Or Refundable

This article explains everything you want to know about calculating VAT payable or refundable.    

How To Add VAT to A Price In South Africa

How To Add VAT to A Price In South Africa

Today, we are diving deeper into the mathematical side of VAT, including how to add and subtract VAT from amounts

Can You Charge VAT Without a VAT Number?

Can You Charge VAT Without a VAT Number?

This article examines whether you can levy VAT without a VAT number, the process for issuing VAT invoice

How Much Must You Earn to Pay VAT in South Africa?

How Much Must You Earn to Pay VAT in South Africa?

This guide explores the income thresholds for individuals and businesses that trigger VAT obligations

How to Claim Back VAT in South Africa

How to Claim Back VAT in South Africa

How to Claim Back VAT in South Africa. Read on to learn how to claim back value-added tax in South Africa.   

How To Add VAT Number To Quickbooks Invoice in South Africa

How To Add VAT Number To Quickbooks Invoice in South Africa

Today, we will walk you through adding your VAT details to your QuickBooks invoices and other related tasks

Can You Claim VAT On Accommodation In South Africa

Can You Claim VAT On Accommodation In South Africa

This comprehensive guide will delve into the VAT nuances related to accommodations, such as whether VAT applies to stays surpassing 28 days

How to Claim Back VAT on Property Purchase

How to Claim Back VAT on Property Purchase

This guide explains everything you want to know about claiming back VAT on property purchases. 

How To Apply For A VAT Certificate

How To Apply For A VAT Certificate

As your business grows and your turnover increases, you may want to apply to be VAT registered with SARS

Can You Claim VAT on Car Insurance?

Can You Claim VAT on Car Insurance?

This detailed manual will cover the essential components of VAT concerning automobile insurance in South Africa

How to Claim VAT on Exported Goods?

How to Claim VAT on Exported Goods?

To be eligible to claim a VAT refund on export items, there are different things you should know. Read on to learn how to claim VAT on exported goods. 

How To Apply For A VAT Number In South Africa

How To Apply For A VAT Number In South Africa

If you wish to become VAT-registered with SARS as a South African business, you will need to apply for a VAT number.

Can You Claim VAT on the Commission Paid in South Africa?

Can You Claim VAT on the Commission Paid in South Africa?

This guide provides insights into claiming VAT on commission paid in South Africa, understanding the calculation of VAT on commission

How to Complete a VAT 101 Form

How to Complete a VAT 101 Form

This guide explains everything you need to know about VAT registration. How to Complete a VAT 101 Form

How To Apply For VAT Exemption

How To Apply For VAT Exemption

There is also a wider category of goods and services that do not generate VAT on the end user. Today we look at these in more detail.

Can You Get a VAT Refund on Online Purchase?

Can You Get a VAT Refund on Online Purchase?

This guide explores the eligibility criteria and steps to get a VAT refund for online purchases in South Africa.

How to Complete a VAT Return in South Africa

How to Complete a VAT Return in South Africa

This article explains everything you want to know about completing a VAT return in South Africa.  

How To Apply For Monthly VAT Returns

How To Apply For Monthly VAT Returns

You do not apply for a specific VAT return period in South Africa. Instead, you will simply apply to SARS to be registered as a VAT vendor

Does Gross Invoice Amount Include VAT?

Does Gross Invoice Amount Include VAT?

This article aims to clarify whether the gross invoice amount includes VAT in South Africa, explain the concept of the gross value of an invoice

How to Deduct VAT From an Amount in South Africa?

How to Deduct VAT From an Amount in South Africa?

How to Deduct VAT From an Amount in South Africa? This article explains everything you want to know about calculating VAT.   

How To Avoid Paying VAT As A Business

How To Avoid Paying VAT As A Business

How To Avoid Paying VAT As A Business. There is only one legal strategy to use to avoid paying VAT as a business in South Africa

What Are the Products On Which No VAT Is Charged?

What Are the Products On Which No VAT Is Charged?

Let's delve into the products exempt from VAT in South Africa and compare zero-rated and exempt supplies.

How to Do A VAT Registration On eFiling

How to Do A VAT Registration On eFiling

There are different methods you can consider to register for VAT. This guide explains how you can do a VAT registration on eFiling. 

How To Become A VAT Vendor

How To Become A VAT Vendor

Remember that you can also voluntarily register as a VAT vendor at a much lower turnover if it will benefit your business

How Does SARS Calculate Interest on VAT?

How Does SARS Calculate Interest on VAT?

This comprehensive guide will delve into how SARS calculates interest on VAT, including the interest rate

How to Do VAT Audit

How to Do VAT Audit

To prevent such a scenario, SARS randomly selects taxpayers for audit.  This article explains everything you want to know about VAT audits.  

How To Calculate A Price Excluding VAT

How To Calculate A Price Excluding VAT

There will be times when you want to know what the price excluding VAT was on an item, either as part of your own price calculations as a business

How Does VAT Work with Business in South Africa?

How Does VAT Work with Business in South Africa?

Through this guide, we delve into the mechanics of VAT for businesses, shedding light on vital aspects such as deductions

How to File a VAT Return

How to File a VAT Return

If you are a registered vendor and want to learn how to file a VAT return, we have you covered here. 

How To Calculate Customs VAT And Duties

How To Calculate Customs VAT And Duties

We are looking into VAT and duty more closely, with some important information you should be aware of if you are importing and exporting goods

How is VAT Charged on Second-Hand Vehicles

How is VAT Charged on Second-Hand Vehicles

This detailed guide will delve into various aspects concerning Value Added Tax on second-hand vehicles in South Africa.

How Is A VAT Return Calculated?

How Is A VAT Return Calculated?

How Is A VAT Return Calculated? Today, we look deeper into the intricacies of VAT return calculation in South Africa

How To Check A Company’s VAT Number

How To Check A Company’s VAT Number

Luckily, there are ways for you to check if a company's VAT number is legitimate with SARS. Here is what you need to know.

How Does VAT Work with Mortgage Bonds?

How Does VAT Work with Mortgage Bonds?

This guide provides insights into how VAT interacts with mortgage bonds in the South African context.

How Is VAT Calculated on Imported Goods In South Africa?

How Is VAT Calculated on Imported Goods In South Africa?

How Is VAT Calculated on Imported Goods In South Africa? Read on to learn how VAT is calculated on imported goods.

How Long Does It Take To Deregister For VAT?

How Long Does It Take To Deregister For VAT?

How Long Does It Take To Deregister For VAT? Today, we are looking at this side of the process in greater detail.

How To Check The Validity Of A VAT Number

How To Check The Validity Of A VAT Number

How do you check the validity of a VAT number? Today we look at convenient ways to do so, as well as some other important issues you should consider.

How is VAT Calculated in South Africa?

How is VAT Calculated in South Africa?

In this extensive guide, we'll delve into the workings of VAT calculation in South Africa, providing insights into subtracting VAT from an amount

How Long Does It Take To Get a VAT Number in South Africa?

How Long Does It Take To Get a VAT Number in South Africa?

This article explains everything you want to know about getting a VAT number in South Africa. 

How Much Does It Cost To Register A Company For VAT?

How Much Does It Cost To Register A Company For VAT?

Today we are looking more closely at the VAT registration process, especially regarding costs and requirements

How To Check VAT Refund Status

How To Check VAT Refund Status

Today we will walk you through how to How To Check VAT Refund Status in South Africa, as well as some other tips and tricks around refunds. 

How is VAT Collected in South Africa?

How is VAT Collected in South Africa?

This piece offers insights into the collection of VAT in South Africa, its overseers, the resultant revenue, the various types of VAT