Contributed and updated by Idonette de Waal, PKF Octagon
Key data (South Africa)
Information up to date as at 1 March 2024.
| A. VAT registration and deregistration thresholds |
| Compulsory VAT registration for resident businesses | Turnover (taxable supplies) greater than R1 million in any 12-month period |
| Voluntary VAT registration for resident businesses | Turnover (taxable supplies) less than R1 million in any 12-month period; however, registration is at the discretion of the Commissioner |
| VAT deregistration | Turnover (taxable supplies) less than R1 million |
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Web page updated on 24 Aug 2024 15:17