Remerciez-le!

Remerciez @Admin pour avoir partagé cet document gratuitement, de la manière la plus simple, en partageant sur les réseaux sociaux.

Vat 404 guide for vendors external guide

VAT Value-Added Tax Guide for Vendors www sars gov za SPC V C IMPORTANT PRINCIPLES All prices charged advertised or quoted by a vendor must include VAT at the applicable rate Presently for standard-rated supplies Vendors collect VAT on behalf of the State ?? please make sure that you pay it over on time otherwise penalties and interest will be charged VAT charged on supplies made output tax less VAT paid to your suppliers input tax the amount of VAT payable refundable You need a valid tax invoice with your VAT number indicated on it as proof of any input tax deductions which you want to make You must also keep records of all your tax invoices and other records of transactions for at least ?ve years Goods exported to clients in an export country are charged with VAT at However if delivery takes place in RSA you must charge VAT at to your client If your client is a vendor the VAT charged may be deducted as input tax If your client is not a vendor and the goods are subsequently removed from the country a claim for a refund of the VAT may be made at the o ?ces of the VAT Refund Administrator the VRA The VRA is only present at certain points of exit from the Republic You may not register for VAT or deduct any input tax on goods or services acquired to make exempt supplies for private use or other non- taxable purposes Also as a general rule input tax may not be deducted where the expense incurred is for the acquisition of a motor car or entertainment even if used for making taxable supplies You are required to advise the South African Revenue Service SARS within days of any changes in your registered particulars including any change in your authorised representative business address banking details trading name or if you cease trading If you have underpaid VAT as a result of a mistake report it to your SARS branch o ?ce as soon as possible rather than leaving it for the SARS auditors to detect You can pay your VAT by using various electronic methods including eFiling internet banking debit order and electronic funds transfer EFT You may also pay at any of the four major banks Report fraudulent activities to SARS by calling the Fraud and Anti- Corruption Hotline on You may report an incident anonymously if you wish CVAT ?? Guide for Vendors Contents FOREWORD The VAT is a basic guide where technical and legal terminology has been avoided wherever possible Although fairly comprehensive the guide does not deal with all the legal detail associated with VAT and is not intended for legal reference All references to ??the VAT Act ? or ??the Act ? are to the Value-Added Tax Act unless the context otherwise indicates The terms ??Republic ? ??South Africa ? or the abbreviation ??RSA ? are used interchangeably in this document as a reference to the sovereign territory