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Retha says: 20 May 2015 at 14:59 I am in the prcess of starting my own company. The planned income per month will be 65 000 to 70 000 and payments around 35 000. A small company. Is it necessary to register for VAT or will I still be under the threshold? |
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TaxTim says: 21 May 2015 at 11:50 No you will not need to register for VAT as the threshold is R1m Turnover in a 12 month period. |
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Retha says: 21 May 2015 at 12:18 Very helpful, thanks a million! |
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TaxTim says: 21 May 2015 at 12:20 Only a pleasure and very good pun;) |
