Mandating Procedures of Provinces Act, 2008
R 385
Value-Added Tax Act, 1991 (Act No. 89 of 1991)RegulationsDomestic Reverse Charge Regulations9. Re-validation of VAT registration status under Chapter 3 of the Tax Administration Act |
| (a) | A registered vendor or representative vendor contemplated in section 46 of the 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. |
| (b) | The person referred to in subparagraph (1) who wilfully or negligently fails to update its registration status is guilty of an offence and upon conviction is subject to a fine or imprisonment as contemplated in section 234(2)(a) of the Tax Administration Act. |
