Is it necessary to register company for VAT
By Marc Sevitz · Updated
I am in the prcess of starting my own company. The planned income per month will be 65 000 to 70 000 and payments around 35 000. A small company. Is it necessary to register for VAT or will I still be under the threshold?
No you will not need to register for VAT as the threshold is R1m Turnover in a 12 month period.
Very helpful, thanks a million!
Only a pleasure and very good pun;)