Your Success is Our Success -  Specialist Accounting, BBBEE, & Advisory Support

Your Success is our Goal

VAT Returns

VAT Overview

If your company is operating a business in South Africa, selling a vatable product or service and you exceed the turnover thresholds  then you are obliged to register for VAT. It is a legal obligation to register if your turnover exceeds these thresholds.  If you go above these thresholds and do not register the Revenue Commissioners can register you themselves. Then they will charge you VAT on your sales on the basis that you should have been charging vat for the whole of the year that you first exceeded the threshold onwards. If as is often the case in a recession you fall below the thresholds then you can also deregister for vat.

VAT Return Services

Akanya Tharabololo provide a range of VAT compliance services to clients who engage regarding VAT returns including advice, best practice procedures and compiling/submitting VAT forms on behalf of clients to revenue. These VAT forms are payable every two months or monthly and usually by the 25th of the designated month. We can also process a VAT refund on a clients behalf in situations where the VAT paid on purchases is greater than the VAT received from sales. Akanya Tharabololo also provide advice on a range of vat problems including refunds in respect of purchase of commercial motor vehicles or any large business related purchase.

Contact Akanya Tharabololo today to see how we can assist your business through our VAT Returns Service. Arrange a free consultation with us to talk through the specific aspects of your business and we will tailor a service to match your needs.  You can phone us on +27 11 704 0473, email us at advice@akanya.co.za  or alternatively you can fill out the form below.

Scan the QR code for our mobile website

QR Reader code for scanning mobile site

Office hours

Office hours

Mon-Fri  Monday-Friday:   08:00-17:00


Customer feedback

Bruce Meyer
26/04/17 18:41:51
Great website. Keep up the good work!
Jacques Verster
23/04/17 00:50:49
Great company. Looking forward to do more business.
Comment:
Thank you Jacques. Great to have your support!

  

News

Feed

09/05/2017, 09:58 AM

Small accounting firms still have a competitive edge

SMEs and entrepreneurs should still rely on the services of small accounting firms despite changing business regulation. Johannesburg, Monday 14 July, 2008 - Overregulation and the removal of the audit...   More


23/04/2017

South African SME’s Failure Rate can be Stemmed Through Modern Accounting

Many South African small and medium enterprises (SMEs) are struggling to survive. This is according to the 2015 SME Growth Index which found that one in five South African SME’s reported a decline in turnover...   More


20/04/2017

Getting Paid Shouldnt Be This Difficult! Effective Cash Flow Management Strategies

Getting paid for SMEs is still one of the ongoing issues that is a constant in business. Some payments policies are specifically designed to keep businesses on the long finger. This has a dramatic effect on...   More




 

 

 

 

120701