HARMONY PROFESSIONAL ACCOUNTANTS
Accounting,Management,Tax and Education Solutions
+27 64 995 5296
VAT REGISTRATION
Our Professional Tax Practitioners work with SARS to register your company in the quickest possible timeframe at an affordable price!
When must a person/company register for VAT?
A person/company may register for VAT if they are carrying on an enterprise in or partly in the Republic where goods or services are supplied for a consideration. It is compulsory for a person to register for VAT under the following circumstances:
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where the value of taxable supplies made in any consecutive 12 month period exceeded or is likely to exceed R1 million; or
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where in terms of a written contractual obligation, the value of taxable supplies to be made in a 12 month period will exceed R1 million.
COMPULSORY REGISTRATION
An application for a compulsory VAT registration must be made within 21 business days from the date the R1 million is or will be exceeded.
VOLUNTARY REGISTRATION
A person/company may also choose to register voluntary for VAT if the value of taxable supplies made or to be made is less than R1 million but has, under certain circumstances, exceeded R50 000 in the past period of 12 months.
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What is required to register for VAT?
Completing a VAT registration can be tricky, but luckily our VAT specialists can assist with an online registration, as long as you have the following:
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Registered Company
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Business bank account
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Customer invoices exceeding the amount of R50,000.00 (or R4200 pm for 2 months)
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Signed power of attorney (will be provided as part of the registration process)
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Director’s certified ID documents (not older than 3 months)
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Director’s proof of residence (not older than 3 months)
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Company proof of address (not older than 3 months)
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SARS Registered Representative(We can assist with the registration of a representative)
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Our Professional Tax Practitioners will work with SARS to register your company in the quickest possible timeframe at an affordable price!
For only R2500 we can register your company for VAT!
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