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Do I need to pay tax and can I qaulify for VAT number

Posted 24 August 2015 under Tax Questions


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SD says:
22 August 2015 at 9:13

I have a contract with one of the courier companies, I make _R3400 per week then pay my driver R1000 and use _R1300 for petrol and clear _R1300, do I still need to pay tax?

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TaxTimTaxTim says:
24 August 2015 at 7:57

You would not need to pay tax as the amount you earn overall as a profit per year is less than the threshold. Why do you wish to register as a VAT vendor?


SD says:
24 August 2015 at 9:55

I need Vat number to apply for tenders because most of these tender registration require a Vat number when you register on their data base and won't allow to register if you do not have it


TaxTimTaxTim says:
24 August 2015 at 21:47

You can approach SARS to register for a VAT number if you earn more than R50 000 in turnover for the year.


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