![]() If the amount ofinputs exceed the amount of outputs for a period the vendor will receivea VAT refund from the SARS.Thus, VAT is a tax leviedon the amount of value added by a vendor in the economic supply chain.The spreadsheet on thispage was designed according to the provisions of the South African ValueAdded Tax Act of 1991. ![]() VAT is levied on goods andservices of either a trade or capital nature supplied by vendors.Vendors are businesses that have registered to levy VAT.A registered vendor mustcalculate VAT on all goods and services supplied by him (outputs).A registered vendor may deduct VAT paid on goods and services suppliedto him (inputs) when he calculates the amount of VAT to be paid over tothe SARS (South African Revenue Service).Ī vendor's VAT liabilityis thus the net amount of VAT on outputs less inputs. It is valued at 14% of the value of goods and servicessupplied by registered vendors. VAT was introduced in South Africa in1991. ![]() Tax South African VAT Spreadsheet for2003VATSpreadsheet for 2003Aspreadsheet for calculating South African Value Added Tax.FileSize:29KBDate Added:Feb2003 (updated May 2003)Requirements:Microsoft Excel 97 and higherscreenshotDescriptionVAT(Value Added Tax) is an indirect tax in South Africa similar to salestax in other countries. Vat 201 Form Download South Africa Movies.Vat 201 Form Download South Africa Artist Pictures. ![]()
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