Page 12 - F6 Slide - VAT Part 1 - Lecture Day 5

Payment Basis

12
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.