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info@radiopanache.co.za Johannesburg, Gauteng, RSA

News24 | Should my small business be registered for VAT?

If SARS discovers that your business has exceeded the R1-million annual turnover threshold, they can register you automatically. SARS can backdate the registration to when the business first crossed the threshold, leading to unexpected penalties and interest, even if you never charged your customers VAT.

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