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What you need to know

  • It is mandatory for any business to register for VAT if the income earned in any consecutive twelve month period exceeded or is likely to exceed R1 million​. 
  • Any business may choose to register voluntarily if the income earned, in the past twelve month period, exceeded R50 000. 
  • A small business that is registered as a micro business under the Sixth Schedule of the Income Tax Act may also register for VAT and may elect to submit returns and payments every four months, ending on the last day of June, October and February.
Related Documents

GEN-ELEC-04-G01 – Guide for completing the Value Added Tax VAT201 Declaration – External Guide

LAPD-Gen-G09 – Tax Guide for Small Businesses

LAPD-IT-G10 – Tax Guide for Small Businesses

LAPD-IT-G23 – Guide on the Taxation of Franchisors and Franchisees

LAPD-IT-G30 – Guide on venture capital companies

LAPD-TT-G01 – Tax Guide for Micro Businesses

LAPD-VAT-G01 – VAT 403 Vendors and Employers Trade Classification Guide

LAPD-VAT-G10 – VAT 421 Guide for Short Term Insurance

LAPD-VAT-G12 – VAT and PAYE NonExecutive Directors FAQs on BGRs 40 and 41

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-G15 – VAT Quick Reference Guide for Non-Executive Directors

LAPD-VAT-G16 – VAT FAQs Supplies of electronic services

VAT-REG-02-G01 – Guide for Completion of VAT Application – External Guide

VAT-REG-02-G02 – Foreign Suppliers of Electronic Services – External Guide

VAT101 – Value Added Tax Registration Application – External form

VAT102 – Application for separate registration VAT – External form

VAT215 – Record in respect of Imported Services – External Form

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