One new Vat Act change you must know regarding tax invoices
“I’ve got good news! The Vat Law’s changed on 20 December 2012 and now you can now issue abridged tax invoices for supplies of less than R5 000 – it used to be for R3 000. What’s the difference between a full and an abridged tax invoice you ask? Before you start issuing invoices for less than R5 000, you must know the difference between a full and an abridged tax invoice.
Let’s take a look…”
Excerpt from the Tax Bulletin, to read the complete article please click here:
Source: Tax Bulletin
For more Tax and Vat tips from some of SA’s top tax experts click here.
All material subject to our Legal Disclaimers.