IceQB Expert Member Joined Jun 10, 2004 Messages 3,190 Reaction score 225 Location PE Aug 7, 2018 #1 If company is registered for VAT, do you have to charge VAT if you will be earning under R1m bracket? Do I include VAT no on invoice or not?
If company is registered for VAT, do you have to charge VAT if you will be earning under R1m bracket? Do I include VAT no on invoice or not?
G goga Well-Known Member Joined Jun 17, 2007 Messages 113 Reaction score 2 Location Durban Aug 14, 2018 #2 IceQB said: If company is registered for VAT, do you have to charge VAT if you will be earning under R1m bracket? Do I include VAT no on invoice or not? Click to expand... Yes, if registered you have to charge VAT no matter the R1m bracket - you're registered you charge and you pay over to SARS. VAT Number must be included on invoice, along with a whole lot of other details. See link http://www.pkf.co.za/news/2018/valid-tax-invoice-requirements-for-vat-vendors/
IceQB said: If company is registered for VAT, do you have to charge VAT if you will be earning under R1m bracket? Do I include VAT no on invoice or not? Click to expand... Yes, if registered you have to charge VAT no matter the R1m bracket - you're registered you charge and you pay over to SARS. VAT Number must be included on invoice, along with a whole lot of other details. See link http://www.pkf.co.za/news/2018/valid-tax-invoice-requirements-for-vat-vendors/
IceQB Expert Member Joined Jun 10, 2004 Messages 3,190 Reaction score 225 Location PE Aug 15, 2018 #3 Thanks [MENTION=32715]goga[/MENTION]
N newby_investor Executive Member Joined Aug 8, 2018 Messages 5,195 Reaction score 3,623 Location Cape Town Aug 16, 2018 #4 Yeah, I think you're just not obligated to register if you're under that threshold. Though SARS very much appreciates it if you do register.
Yeah, I think you're just not obligated to register if you're under that threshold. Though SARS very much appreciates it if you do register.