Page 30 - ADVANCED TAXATION - Day 1 Slides

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3 By A Vendor(cont.)

Registration as a vendor: Compulsory registration:

Excl.
VAT
• At end of month if taxable supplies > R1m for 12 months

• At beginning of month, if it is anticipated that taxable

supplies for the next 12 months will be > R1m
• Foreign suppliers: at end of month if taxable supplies >

R50 000 for 12 months any consecutive period
of 12 months

Branches/
divisions
Person carries on two separate businesses, he must register when
the joint taxable supplies of the two businesses > R1m

S 50 A may deem separate persons as ONE – anti avoidance.