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Jan 12, 2023 · An application for a compulsory VAT registration must be made within 21 business days from the date the R1 million is or will be exceeded. Non-resident suppliers of certain electronic services are also liable for compulsory VAT registration at the end of the month in which the total value of taxable supplies exceeds R1 million.
Nov 14, 2022 · The 3 Types of VAT. There are three types of VAT: standard-rated, zero-rated, and exempt. Standard-rated VAT is charged on most goods and services in South Africa. The VAT rate for standard-rated supplies is 15%. Zero-rated VAT is charged on certain essential items, such as food and medical supplies. The VAT rate for zero-rated supplies is 0%.
VAT registration in South Africa in 2024 also applies to foreign electronic service entities when the total value of their supplies exceeds the threshold within a 12-month period. The following steps are relevant for the VAT registration of foreign companies in South Africa: fill in the VAT application form; sign the form and attach the ...
ISO 3166: Codes for the Representation of Names of Countries (ISO 3166) is prepared by the International Organization for Standardization. ISO 3166 includes two- and three-character alphabetic codes and three-digit numeric codes that may be needed for activities involving exchange of data with international organizations that have adopted that ...
ISO 3166-1 numeric (or numeric-3) codes are three-digit country codes defined in ISO 3166-1, part of the ISO 3166 standard published by the International Organization for Standardization (ISO), to represent countries, dependent territories, and special areas of geographical interest. They are similar to the three-digit country codes developed ...
ISO 3166-2 establishes a code that represents the names of the principal administrative divisions, or similar areas, of the countries and entities included in ISO 3166-1. ISO 3166-3 establishes a code that represents non-current country names, i.e. the country names deleted from ISO 3166 since its first publication in 1974.
The country code consists of International Standards Organization (ISO) 3166-1, Federal Information Processing Standard (FIPS) 10-4 and many more. Codes have been used to save time and to avoid errors, instead of using a country’s name. This is due to the fact that a country’s name will be spelled differently depending on the language being ...
