Public notice in terms of section 23(f) with regard to changes in particulars of a registered VAT vendor.
SARS has issued a notice on 24 June 2022 whereby a registered vendor or representative vendor contemplated in section 46 of the Value-Added Tax (VAT) Act is required to update its VAT registration status where it has implemented a domestic reverse charge or supplied a valuable metal which is subject to the domestic reverse charge.
In terms of Notice 2200, which can be accessed here, a registered vendor or representative vendor contemplated in section 46 of the VAT Act is required to update its VAT registration status, within 21 business days from:
- the earlier of implementation of the domestic reverse charge or the date that a supply of valuable metal is made which is subject to the domestic reverse charge, to indicate that such vendor makes supplies of valuable metal that are subject to the domestic reverse charge; or
- the date that such vendor permanently ceases to make such supplies to indicate that such vendor no longer makes such supplies or has ceased to carry on all enterprises.
Click here to access the regulations applying to domestic reverse charges relating to valuable metal.
01/07/2022