VAT is collected on behalf of the South African Revenue Service (SARS) and forms part of the country’s tax system. Businesses registered for VAT generally collect VAT from customers on taxable supplies and account for the applicable VAT to SARS.
VAT is collected on behalf of the South African Revenue Service (SARS) and forms part of the country’s tax system. Businesses registered for VAT generally collect VAT from customers on taxable supplies and account for the applicable VAT to SARS.