VAT REGISTRATION NIGHTMARE HAMPERING INVESTMENT

Tuesday, December 18, 2012
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Hundreds of applications for VAT registration are being rejected by SARS on a daily basis, causing taxpayers significant delays, increasing costs and ultimately hampering investment. A process that should in theory take a matter of weeks is now taking months to complete. The principal bottleneck appears to be SARS’ “application” of the requirements for registration as a VAT vendor.

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