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Register for turnover tax with active VAT number

Posted 8 July 2015 under Tax Q&A


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Nabo says:
8 July 2015 at 9:25

A trust is registered for VAT. However, the trust has been dormant for a year or so but the VAT number is still active. Can a business be run under the trust with the active VAT number and still register for turnover tax? The turnover will be less than a million rand

This entry was posted in Tax Q&A Bookmark the permalink.

TaxTim TaxTim says:
8 July 2015 at 11:20

No the VAT number belongs to the Trust, you would need to register for a new VAT number.


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Blog Categories


Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started