VAT Vendor
What is VAT Vendor?
A business registered with SARS to charge Value-Added Tax on sales.
Think of it like this…
A company that collects VAT from customers, claims VAT on expenses, and pays the difference to SARS.
Why does it matter?
- Required once turnover passes R2.3 million in any 12 months (or voluntarily from R120,000)
- Allows input VAT claims
- Missing deadlines can lead to penalties
Best practice
Keep a separate VAT bank account to avoid spending tax money owed to SARS.
Whether you must become a vendor, and when it pays to choose to, is in the VAT threshold guide.
Govchain can do this for you
- VAT calculatorAdd 15% VAT to a price or take it out of a VAT-inclusive amount.Free · Instant
- VAT Registration in South AfricaRegister your company for VAT with SARS. Voluntary from R120,000 turnover, compulsory at R2.3m. R2970, 20 working days. We file the VAT101 and deal with SARS for you.R2 970 · 20 days