Vat act

Anna
Anna asked:
Will you please confirm for me whether Vat is applicable when we charge interest on overdue customers accounts. Or is this exempt under Section [read more]
Published on 29 Jul. 2014 in: Vat basics Interest Vat Vat act 1 answer
rigg
rigg asked:
My client is an agent for sports equipment imported from Italy. A local sports chain store wants to retail these goods in their shop and control the [read more]
Published on 22 Jul. 2014 in: Vat basics Vat Companies Sa reserve bank Vat act 1 answer
Sma
Sma asked:
Has the national treasury said anything about foreign electronic service providers? [read more]
Published on 03 Apr. 2014 in: Vat registrations Sars Amendments to the vat act Vat act
Anna
Anna asked:
Please explain to me what the Vat Act means by “representative vendor”? [read more]
Published on 04 Mar. 2014 in: Vat basics What’s a representative vendor Representative vendor Vat act 1 answer
rachelk
rachelk asked:
We have a game farm in the Makhado District. We don’t live there ourselves, but we do provide accommodation for hunters. At this stage, we only [read more]
Published on 15 Feb. 2013 in: Input tax Vat Capital input Vat act Output tax
Natalie
Natalie asked:
As a part of our business, we monitor newspapers and magazines, on behalf of our clients. This means that we have many subscriptions for newspapers [read more]
Published on 12 Feb. 2013 in: Sars Vat Tax invoices Input tax Deduction Vat act 1 answer
Leeh01
Leeh01 asked:
If a company trades as a retailer and then decides to open a second branch doing the same business with the same two shareholders, does this count as [read more]
Published on 04 Feb. 2013 in: Vat registrations Income splitting Vat act Vat registrations 1 answer
carieks
carieks asked:
SARS should have refunded an amount to us on 22 October 2010 but only paid on 25 November 2010 '' it had the incorrect banking details for our [read more]
Published on 14 Jan. 2013 in: Vat refunds Vat201 Vat return Sars Vat act How to complete the vat return Charge sars interest on late vat refund payments 1 answer
suzie van der wath
I understand that SARS must pay the refund within 21 working days. Or it must pay us interest. My client's VAT201 was submitted on 14th December [read more]
Published on 02 Jan. 2013 in: Vat refunds Vat return Vat refunds Sars Vat act How to complete the vat return Charge sars interest on late vat refund payments 1 answer
jan
jan asked:
SARS has 21 working days to give vendors their Vat refunds. If SARS hasn't paid the refund within those 21 days, when can we start calculating [read more]
Published on 24 Oct. 2012 in: Vat refunds Vat201 Vat return Sars Vat act How to complete the vat return Charge sars interest on late vat refund payments 1 answer
Pikster
Pikster asked:
We have a client who's registered for Vat. Due to the nature of the business, he only receives payment a couple of months after the supply. He's [read more]
Published on 30 Oct. 2012 in: Vat refunds Vat201 Vat return Sars Vat act How to complete the vat return Accounting basis Change my accounting basis at sars 1 answer
FionaPullen
My client bought a warehouse in the company's name about four years ago. He's a Vat vendor, so we claimed the Vat on this property. He now has sold [read more]
Published on 13 Oct. 2012 in: Vat refunds Vat201 Vat return Sars Vat act How to complete the vat return 2 answers
Michelle1
Michelle1 asked:
Please tell me from which date Proviso (c) to Section 21(3) of the Vat Act was implemented. Was this allowed from the start in 1991? Also can you [read more]
Published on 15 Oct. 2012 in: Vat basics Vat act General vat questions 1 answer
Capitan
Capitan asked:
I have seen a notice from my accounting software system referring to the ITA88 that needs to be completed. Please could you give me more information? [read more]
Published on 30 Dec. 2012 in: Vat basics Vat act General vat questions 1 answer
FionaPullen
Could you please help me with the following two questions? Question 1. I find various references in the handbook stating that input Vat cannot be [read more]
Published on 06 Nov. 2012 in: Vat basics Vat act General vat questions 1 answer


 


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  • Our Vat experts get a lot of questions regarding Vat refunds. This is not surprising. It’s a given that anyone would want to know everything about a process that results in them getting some... [read more]
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