Tax Invoice VS Invoice
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Thanks Faan! I came to a similar conclusion myself, but just wanted some confirmation. -
If your client tries to claim VAT he has to have a tax invoice stating the VAT amount.
You cannot charge VAT if you are not VAT registered and if you do you have to indicate that on the invoice and show your VAT registration number.
Compulsory VAT registration is only necessary when your turnover exceeds R1m, but you may register for VAT should you wish. You will have to do a few calculations to determine whether it is worth your while.Leave a comment:
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Tax Invoice VS Invoice
Hi Guys,
I'm a sole trader offering a service (Web hosting). Recently however a client mailed me the following:
My issue is being a sole trader for this business, is it still necessary to name invoices as tax invoices?We have been advised by SARS that invoices must be marked as ‘TAX INVOICE’ to be acceptable, i.e. that ‘INVOICE’ is not sufficient.
Thanks Paul
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