Value-added tax
An indirect tax administered by SARS on taxable supplies of goods and services by registered VAT vendors.
Definition
VAT questions usually turn on whether the person is carrying on an enterprise, whether supplies are taxable, exempt, zero-rated, or out of scope, whether registration is required or voluntary, whether tax invoices are valid, and whether VAT 201 returns, input tax, output tax, refunds, or SARS queries are in issue. The practical review should check SARS registration status, invoices, contracts, accounting records, returns, correspondence, and the specific transaction before assuming the VAT treatment.
Key takeaways
An indirect tax administered by SARS on taxable supplies of goods and services by registered VAT vendors.
Tax Law
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
VAT registration question
VAT return dispute
SARS VAT query
FAQs
Value-added tax FAQs
What does Value-added tax mean?
An indirect tax administered by SARS on taxable supplies of goods and services by registered VAT vendors.
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