Page 11 - F6 Slide - Taxation - Lecture Day 4

Payment Basis

11
Account for VAT:

 Payment date

MUST use invoice basis for goods/services supplied of

≥ R100 000 (incl. VAT)

N/A to fixed

property

 Study Silke 32.3.1.2 – who may account for VAT on the payments

basis

Public authorities,

municipalities etc.