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VAT

VAT in South Africa is 15%. To take VAT out of a price that includes it, divide by 1.15. To add it, multiply by 1.15.

VATR150.00R1,000.00 excl. VAT · R1,150.00 incl. VAT
  • Excluding VATR1,000.00
  • VAT (15%)R150.00
  • Including VATR1,150.00
How it works, with your numbers
  1. R1,150.00 ÷ 1.15 = R1,000.00 before VAT.
  2. VAT: R1,150.00 − R1,000.00 = R150.00 (that's 15/115 of the price).
Good to know
  • Only VAT vendors can claim VAT back, and only with a valid tax invoice.
  • Registration becomes compulsory once your taxable sales pass R2.3 million over 12 months (from R120,000 you may register voluntarily). Check SARS for the current figure.

OneFile Money's VAT tool adds up the VAT on your business slips for your VAT201.

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For illustration only. This is a guideline to help you plan, not tax advice: a registered tax practitioner must review and approve the final figures before you file.