Do I need to pay tax and can I qaulify for VAT number
By Marc Sevitz · Updated
I have a contract with one of the courier companies, I make _R3400 per week then pay my driver R1000 and use _R1300 for petrol and clear _R1300, do I still need to pay tax?
You would not need to pay tax as the amount you earn overall as a profit per year is less than the threshold. Why do you wish to register as a VAT vendor?
I need Vat number to apply for tenders because most of these tender registration require a Vat number when you register on their data base and won't allow to register if you do not have it
You can approach SARS to register for a VAT number if you earn more than R50 000 in turnover for the year.