What is a VAT 201
A VAT201 is a declaration covering the VAT periods as per the vendor category. The VAT201 must be submitted on or before the due date, and if a payment is due to SARS, then this payment must reflect on SARS system on the last business day of the VAT period.
On the VAT201 the vendor completes the output, input, zero and exempt VAT totals. The result is either vat payable or refundable.
Frequently asked questions
What is the VAT rate
The standard VAT rate is 15% as of 1 April 2018.
What are the VAT deadlines
Deadline for VAT Submissions and Payments (payments should clear with SARS on these dates):
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PAYMENT METHOD
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VAT RETURN DUE DATE
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PAYMENT DUE DATE
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Payments at Banks
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25th
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25th
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EFT’s
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25th
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25th
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Efiling + EFT’s
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Last business day
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Last business day
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