VAT

Descripción

A breakdown of what VAT is and how it is collected
mienghabehardien
Mapa Mental por mienghabehardien, actualizado hace más de 1 año
mienghabehardien
Creado por mienghabehardien hace más de 10 años
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Resumen del Recurso

VAT
  1. VAT Vendors charge VAT
    1. Registered with SARS
      1. Turnover >1mil compulsory registration
      2. Consumer pays
        1. Reflected on tax Invoice
          1. VAT returns submitted from monthly to yearly
            1. VAT charged at:
              1. 14 %
                1. 0 %
                2. Value-added Tax
                  1. Value added at each point of production
                  2. Paid to SARS
                    1. Output VAT
                      1. Charged on good sold
                        1. Paid to SARS
                        2. Input VAT
                          1. Charged on good bought
                            1. Reclaimed from SARS
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