Print Page   |   Report Abuse
News & Press: VAT

Updated VAT regulation dealing with voluntary registration

01 June 2015   (0 Comments)
Posted by: Author: SARS
Share |

Author: SARS

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.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by®  ::  Legal