What is the VAT registration threshold? We receive this question quite often.
Here is a quick digest of the two different types of registration for VAT:
1. Compulsory VAT registration: You must register for VAT when your turnover is going to or is likely to exceed R 1million.
2. Voluntary VAT registration: When you can prove to the SARS that your turnover is at least R 50,000 then you may register for VAT.
Need more info on VAT Registration? We invite you to contact us for more info.