To register for VAT you have to have an income tax number for your business, you will also need to turnover more than R1 million per annum to qualify for VAT. Should you not qualify but wish to register voluntarily, then you will need to show that you have turned over more than R50 000 per month for three consecutive months. Below is a list of supporting documents we will require for the VAT application to be completed. Please make sure you meet the turnover threshold pre-requisite before completing the form.
Below is a list of supporting documents we will require for the VAT application to be completed, please make sure you meet the pre-requisites mentioned above before completing the form.
1. Original letter from the bank stating that the company is banking with them/ or a Cancelled cheque.
2.Original latest Municipal statement of Account in the Business name, if not available then you can provide the municipality account in the member/director's name and a lease agreement showing that your company leases this property from the member/director.
3. A copy of the members/director's ID's.
4.Latest original (3) months Bank Statement along with Invoices to your Clients, the total of monthly invoices must be in excess of R50,000 per month for the any one month on the supplied bank statement. These invoices must reflect on the supplied bank statement.
5. A copy of your company registration document (CK1/ or CK2), or COR.
If you meet the requirements please CLICK HERE to complete the vat registration form.