FAQ: Why is my RCB not visible in the Controlling Body dropdown?

The RCB initiation/link may not be present, or you are in the wrong portfolio/profile. Make sure you are using the correct practitioner profile and Tax Practitioner portfolio. Confirm with your RCB that initiation of the registration is complete. If it was submitted recently, try again later.

FAQ: Why can I not complete my Tax Practitioner registration?

This usually means that the RCB has not initiated Step 1, or the request is not available on the practitioner profile. Confirm with your RCB that the registration initiation has been submitted. Log out and back in, make sure you are in the Tax Practitioner portfolio, then try again.

What happens if my business’s turnover grows above R2.3 million?

Growth is good – just know what changes If your business’s sales go above R2.3 million it means: • You must exit Turnover Tax and move to the normal income tax system • VAT registration becomes compulsory Tip: keep tracking and recording your sales – it helps you plan ahead and stay compliant.

What should small businesses do when they exceed the VAT threshold?

Under the new rules Small businesses should: Check annual sales – are they above or below R2.3 million? Review VAT status under the updated thresholds and register timeously if you exceed the compulsory threshold. Apply to deregister for VAT if you’re below the compulsory threshold and don’t want to stay registered. Consider registering for Turnover […]

What do VAT changes mean for SMMEs?

More great news for your small business! With the new threshold increase: VAT registration is not compulsory unless total annual sales are above R2.3 million. If your annual sales are less than the new threshold of R2.3 million, you may apply to cancel your registration, if registered for VAT, or SARS may notify you of […]

What is VAT and who needs to register?

VAT is a tax added to the price of most goods and services sold by a business. The current rate of VAT is 15%. If you are VAT‑registered: You charge VAT on sales. You can claim back VAT on certain business expenses. Who should register for VAT? It is compulsory to register for VAT if […]