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mrmouse

selling and VAT

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mrmouse    12
mrmouse

If a seller is a powerseller and sells say 200 items of R2000. each over a year , he is then surely over the VAT threshhold for small business must he register for VAT , and does he issue a VAT slip with his sales ? are you not classified as a small business on BOB if you sell items , ? what are the implications ?

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qball    11
qball

You need to contact SARS for information. As afr as we know the annual threshold has moved to R1 million per year. But please confirm with SARS.

 

Thanks

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