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Question 1 of 10
1. Question
There are multiple tax Acts SARS uses.
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Question 2 of 10
2. Question
Value Added Tax is levied on products and services that have a value component added to the service or product
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Question 3 of 10
3. Question
VAT is paid by the end user.
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Question 4 of 10
4. Question
If your turnover exceeds a million rands annually, you are required to register as a VAT vendor
.
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Question 5 of 10
5. Question
You cannot voluntarily register as a VAT vendor
.
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Question 6 of 10
6. Question
Residential accommodation does not carry a VAT charge.
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Question 7 of 10
7. Question
Any public transport via road or rail will not charge VAT on it
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Question 8 of 10
8. Question
VAT vendors get taxed on a quarterly basis
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Question 9 of 10
9. Question
Accounting software you use populates your filing
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Question 10 of 10
10. Question
Should a discrepancy arise, your filed documents can be of assistance with SARS
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