Page 21 - Chapter 32 - VAT Part 1
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6.3.2. Voluntary registration [s 23(3)]
- Value of taxable supplies of all his enterprises > R50 000 in
previous 12 month period OR
- Expected that total value of taxable supplies will > R50 000 in
following 12 month period must regsiter on payments
basis (new rule from 1 April 2014), OR
- Carries on an activity continuously and regularly set out in any
regulation
• which due to the nature will only have taxable supplies after
a while
• and anticipate that > R50 000
- Why would person register voluntarily?
- Taxable supplies for “commercial accommodation”?
6.3.3. Registration as vendor after deregistration as micro
business [s 78A] - Ignore!
