Page 9 - P6 Slide Taxation - Lecture Day 5 - VAT Part 1
P. 9

Payment basis












       Account for VAT:



      Payment date







        MUST use invoice basis for goods/services supplied of

                                        ≥ R100 000 (incl. VAT)



                                                                                                 N/A to fixed
                                                                                                    property







      Who may account for VAT on the payments basis?







                                                                                            Public authorities,
                                                                                            municipalities etc.
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