Section 23(3)(b)(ii) of the VAT Act states that a person wishing to apply for registration must satisfy the Commissioner that there is a reasonable prospect of exceeding R50 000 in taxable supplies over the next 12 months.
This, however, is subject to a regulation which must be made by the Minister of Finance.
Please click here to access the updated regulation (No. 447) (29 May 2015).
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.