Page 23 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1

3 By a vendor (cont.)

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