928597
Description
Mind Map by mienghabehardien, updated more than 1 year ago
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Created by mienghabehardien
almost 10 years ago
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VAT
- VAT Vendors
charge VAT
- Registered
with SARS
- Turnover >1mil
compulsory
registration
- Registered
with SARS
- Consumer pays
- Reflected on
tax Invoice
- VAT returns
submitted from
monthly to yearly
- VAT charged at:
- 14 %
- 0 %
- 14 %
- Value-added Tax
- Value added at
each point of
production
- Value added at
each point of
production
- Paid to SARS
- Output VAT
- Charged on
good sold
- Paid to
SARS
- Charged on
good sold
- Input VAT
- Charged on
good bought
- Reclaimed
from SARS
- Charged on
good bought
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