VAT vendor
A person or business registered, or required to register, with SARS for VAT because it carries on an enterprise that makes taxable supplies.
Definition
A VAT vendor has recurring compliance duties that can include issuing proper tax invoices, charging output tax where required, keeping records, submitting VAT 201 returns, claiming input tax only where supported, responding to SARS queries, and correcting registration details. The review should focus on taxable-supply records, SARS registration, invoices, accounting files, return periods, payments, refunds, and correspondence.
Key takeaways
A person or business registered, or required to register, with SARS for VAT because it carries on an enterprise that makes taxable supplies.
Tax Law
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
VAT vendor registration
VAT 201 return issue
Input tax dispute
FAQs
VAT vendor FAQs
What does VAT vendor mean?
A person or business registered, or required to register, with SARS for VAT because it carries on an enterprise that makes taxable supplies.
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