What is VAT201?
The VAT return a vendor submits to SARS for each tax period, declaring output and input VAT and the amount payable or refundable.
Most small vendors file every two months, though SARS assigns other periods in some cases. The VAT201 is due by the 25th of the month after the period ends, or by the last business day of that month if you file and pay on eFiling.
If the 25th is not a business day, the deadline moves to the business day before it. Late payment attracts penalties and interest, and SARS may review refund claims before paying them.
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VAT201 for trading companies