Value-Added Tax Act, 1991 (Act No. 89 of 1991)
Regulation made in terms of section 74(1) read with section 23(3)(b)(ii) of the Value-Added Tax Act, 1991 (Act No. 89 of 1991)
Registration of VAT vendors
2. Requirements for voluntary registration under section 23(3)(b)(ii)
A person carrying on an enterprise whose total value of taxable supplies made or to be made has not exceeded R50 000, but can reasonably be expected to exceed that amount within 12 months from the date of registration, qualifies to apply to register as a vendor. That person must in addition to the information required in terms of Chapter 3 of the Tax Administration Act, provide the Commissioner with proof that any one or more of the circumstances in regulation 3 applies to that person.