NEW VAT REGISTRATION PROCESS

Vat registration is now more cumbersome

SARS has introduced a new process to register for Vat as from 10 November 2008. In future a person applying for Vat registration or his duly authorised representative will have to visit the SARS office personally to undergo a physical verification process. The applicant will have to spend time in long queues to have his/her business registered for Vat. Proof of residence by way of an original Telkom, utility or electricity bill will also have to be furnished.

The new changes will also affect businesses currently registered for Vat, as SARS will only make Vat refunds after verifying the registered details of the business.

According to SARS they implemented the changes to combat Vat refund scams currently doing the rounds.

The new process is against SARS stated policy of simplify the tax process and to ease the administration burden on small businesses.

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