Hire SayPro for your VAT Registration

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Should you need a discount get in touch with us so that we can structure it for you.

Send an email to info@saypro.online WhatsApp: 27 84 313 7407 Call: 27 11 071 1903

Southern or African Youth Project

VAT REGISTRATION

A VAT also known as value-added tax while in some countries it is known as a service and goods tax. It is a type of tax that is evaluated incrementally. VAT is charged on the price of a service or product at each stage of distribution, production, or sale to the end consumer.

VAT registration is the process of enlisting the business with the government as vigorous in sales and production. After the business gets registered for VAT, the firm can regain any VAT paid on Business purchases and becomes accountable for charging Value added Tax on any services or goods sold.

The firm and business must register its business for VAT (Value Added Tax) if the total worth of taxable service or goods is more than R1 million in a period of 12 months. A firm can also also register its business voluntarily if the income made in the past period of 12 months exceeded R50 000.