This has to be completed and submitted every two months. You will need to log into your e-filing account with SARS and complete the white boxes where applicable, the grey boxes are calculated automatically for you.
PAGE ONE
Vendor details:
Trading Name is the name of the company that you have registered for VAT
Contact details:
These are the details of the person completing the form
Voluntary Disclosure Programme:
Place an X in the Y box if you have a VDP with SARS, otherwise place an X in the N box
Tax Practitioner Details:
Only applicable if the form is completed by your tax practitioner
Declaration:
Click on “I declare that the information given on this form is complete and correct” and fill out the date (year/month/day)
PAGE TWO
Calculation of Output Tax and Imported Services:
(Tax on products and services supplied by you.)
Standard rate (excluding capital goods and/or services and accommodation)
- All goods and services are standard rated (currently 15%) unless specifically zero-rated, exempt or qualifying as non-supplies. For example; electricity, water, telephone, vehicle repairs, hotel accommodation, meat.
Standard rate (only capital goods and/or services)
- The VAT inclusive amount of goods and/or services supplied by you at the standard rate, only capital goods and/or services. Such as; land, building, plant, machinery.
Zero rate (excluding goods exported)
- Zero rated supplies are taxable supplies, taxed at 0%. Examples of zero-rated supplies are; brown bread, maize meal, milk, pilchards, fuel.
Zero rate (only exported goods)
- The amount of goods supplied by you at zero rate, which has been exported from the Republic of South Africa.
Exempt and non-supplies
- The following are examples of exempt supplies; financial services, donated goods, residential accommodation.
Supply of accommodation:
Exceeding 28 days
- The VAT exclusive amount of commercial accommodation supplied exceeding 28 days
Value not exceeding 28 days
- The VAT exclusive amount of accommodation supplied not exceeding 28 days
Adjustments:
Change in use and export of second-hand goods
- VAT inclusive amount paid for goods and/or services as taxable supplies, but then used as private or exempt use.
Other imported services
- Only VAT payable on specific items, such as: debit notes issued, credit notes received, barter transactions.
PAGE THREE
Calculation of Input Tax:
(Capital goods and/or services supplied to you.)
- The permissible VAT amount of capital goods and/or services supplied to you. A valid tax invoice must be held by you. Examples include; office equipment, furniture, land, trucks.
Capital goods imported by you
- The permissible VAT amount of capital goods imported by you, a valid release document issued by Customs must be held
Other goods and/or services supplied to you (not capital goods)
- The permissible VAT amount of other goods and/or services supplied to you (not capital goods). For example, rent, repairs, cleaning materials, stationery.
Other goods imported by you (not capital goods)
- The permissible VAT amount of other goods imported by you (not capital goods). Such as trading stock.
Adjustments:
Change in use
- The VAT amount of goods and/or services previously applied for non-taxable purposes and now applied for taxable supplies.
Bad debts
- Fill in only the VAT amount in respect of irrecoverable debts on which VAT was levied during the sale.
Other
- Such as: credit notes issued, debit notes received, VAT adjustments in respect of change in accounting policies.
Payment details:
You may authorise for a Debit Order or you may make a payment, the payment reference number is automatically generated for you.
For much more detailed information you can refer to the following pdf document:
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