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Do sole proprietors charge VAT if their turnover is less than a R1 million per annum?

Posted 29 October 2013

Do I charge VAT as a Sole Proprietor earning less than R1 million turnover per annum? If so, do I need to be VAT registered?

TaxTim TaxTim says:
29 October 2013 at 13:49

If you turn less than R1m per annum then you cannot charge VAT as you are not required to register as a Vendor. However if yo wish to register you can do so as you have invoices greater than R50 000 and therefore can voluntarily register.

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