Page 24 - F6 Slide - VAT Part 1 - Lecture Day 5

3 By A Vendor(cont.)

24

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.