14/05/2026
Is your VAT Return costing you more than it should? ⚠️
Most South African businesses overpay or face penalties — simply due to avoidable errors.
If your business is VAT-registered, here's what you need to know:
✅ 15% VAT rate applies to most goods and services in SA
✅ Mandatory registration once taxable turnover exceeds R1 million per year
✅ Filing is monthly or bi-monthly via SARS eFiling — depending on your category
✅ Late submission = 10% penalty on outstanding VAT, plus interest
✅ Claim input tax back on business expenses — but only with valid tax invoices
✅ VAT refunds are real — if your input tax exceeds output tax, SARS owes you money
Many businesses miss legitimate deductions or miscategorise zero-rated vs exempt supplies — leading to overpayment or compliance issues. Getting it right matters.
💼 Let us handle your VAT — accurately, on time, every time.
📞 073 090 6483 / 073 943 3178
📧 [email protected]
🌐 www.librabookkeeping.co.za