
Businesses should weigh VAT deregistration carefully
Rising the VAT threshold to R2.3m may prompt some businesses to deregister, but the process can trigger an immediate output tax liability on assets.

Rising the VAT threshold to R2.3m may prompt some businesses to deregister, but the process can trigger an immediate output tax liability on assets.

ISASA says there has always been a distinction between exempt (educational) and taxable (commercial) supplies.

You can break tax residency via the SARS tax emigration process or annually via the application of a double taxation agreement.