Page 27 - F6 Slide - VAT Part 1 - Lecture Day 5

By A Vendor (Cont.)
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Registration as a vendor: Voluntary registration:

• Taxable supplies > R50 000 for 12 month period

• Commercial accommodation > R60 000

• Taxable supplies expected to be > R50 000 in the

next 12 months (payments basis until > R50 000)

• Person continuously and regularly carries on

activity and it is reasonably expected that value of

taxable supplies > R50 000 in 12 month period