0 of 10 Questions completed
Questions:
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 10 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
There are multiple tax Acts SARS uses.
Value Added Tax is levied on products and services that have a value component added to the service or product
VAT is paid by the end user.
If your turnover exceeds a million rands annually, you are required to register as a VAT vendor
.
You cannot voluntarily register as a VAT vendor
.
Residential accommodation does not carry a VAT charge.
Any public transport via road or rail will not charge VAT on it
VAT vendors get taxed on a quarterly basis
Accounting software you use populates your filing
Should a discrepancy arise, your filed documents can be of assistance with SARS