West-Evans IncSARS VAT e-filing Surprise Change: Don't Get Caught on 25 October! » West-Evans Inc

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SARS VAT e-filing Surprise Change: Don’t Get Caught on 25 October!

Prior to the effective date of the Tax Administration Act (1 October 2012) it was possible for a vendor furnishing VAT201’s by way of efiling to do so by the last day of the month during which the return was due. VAT vendors may very well be caught off-guard because the Tax Administration Act changed this principle and now requires that the return must be submitted by the twenty-fifth day of the month.

It does not influence the principle that payment of the tax due can still be made within the period ending on the last business day of the month during which that twenty-fifth day falls. It is therefore important to note that the returns due in October 2012 (in respect of VAT periods ending during September) will have to be submitted by 25 October 2012.

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