Page 19 - Chapter 32 VAT Part 1

6.3.1. Compulsory registration [s 23] – KL 3

Register at the end of the month during which…

• total value of TS…

• in previous 12 months > R1 million Rule from

1 April 2014!!!
or Anticipation only

Register at the beginning of the month that allowed if amount
could be proven

• it is anticipated that the total value of the TS with written

contractual
• for the following 12 months > R1 million obligation.

or

Foreign Supplier of Electronic Services

• must register at the end of the month... From

1 April 2014
• during which the total value of TS > R50 000

→ Is the 12 months linked to a yoa?

→ How will registration work within a group of co's? (Holding Co & subsidiaries)

→ Integration: IT-Act ss 42 to 47 & VAT-Act s 8(25)