Having the tax identifier on the invoices to be changed to VAT No
The VAT Act is very specific regarding the requirements for a Tax Invoice to be valid for VAT purposes. As per the SARS website (https://www.sars.gov.za/ClientSegments/Businesses/Government/Pages/Tax-Invoices.aspx) the following information is required on the document:
As from 8 January 2016, the following information must be reflected on a tax invoice for it to be considered valid:
• Contains the words “Tax Invoice”, “VAT Invoice” or “Invoice”
• Name, address and VAT registration number of the supplier
• Name, address and where the recipient is a vendor, the recipient’s VAT registration number
• Serial number and date of issue of invoice
• Accurate description of goods and /or services (indicating where applicable that the goods are second hand goods)
• Quantity or volume of goods or services supplied
• Value of the supply, the amount of tax charged and the consideration of the supply (value and the tax)
Celene Grootboom
shared this idea
Hello all,
This status update is part of our ongoing work to simplify and streamline how our UserVoice feedback forum operates. We are reducing the number of statuses to two (Idea to Upvote + Released) to help manage expectations about where each idea stands and to minimize the number of status updates required from our product teams. Our product team reviews everything you share, and we might reach out for more info if we need it.
Thanks for your patience as we work to bring your ideas to life! You can learn more about the changes coming to UserVoice from this post in the Mews Community.
