Value Added Tax - Guidelines
Basic guidelines on VAT
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Checklist - (Value Added Tax) Invoice
Basic checklist that is required for a Value Added Tax Invoice.
Future date of invoices
Compliance Position Statement – Invoice Processing Functionality 1. Regulatory Reference – South African VAT Requirements The guidance issued by South African Revenue Service indicates that tax invoices must reflect the true date of issue and meet ...
Company Details | Tax Rates | POS Processing | Default Inclusive / Exclusive
Version: 2024.2.0.0 and higher Overview: Referring to the image below , a new setting was added to Company Details > Tax Rates for POS namely “User Defined”, “Always Inclusive”, “Always Exclusive”. Setting will default to “Always Inclusive” for ...
POS | ‘Line Total’ added
Version: 2024.2.0.0 and higher Overview: ‘Line Total’ was added to POS screen (a standard feature that will always be on)
VAT 404 - Guide for Vendors
The VAT 404 is a basic guide where technical and legal terminology has been avoided wherever possible. Although fairly comprehensive, the guide does not deal with all the legal detail associated with VAT and is not intended for legal reference.