- This webpage provides a guide on how to complete the VAT201 return accurately and honestly.
- The South African Revenue Service (SARS) is modernizing and simplifying tax processes.
- Changes have been made to the VAT201 return to improve efficiency and compliance.
- The new VAT201 return includes additional fields such as demographic information and a payment reference number.
- The VAT rate increased from 14% to 15% effective April 1, 2018.
- Vendors can view the VAT filing control table on eFiling.
- Enhancements to the VAT system include displaying the estimated VAT 201 return on eFiling and allowing vendors to submit relevant material and request extensions.
Source: sars.gov.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
