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Thread: New importer and VAT registration

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    New importer and VAT registration

    Hi there, We have recently changed our core business from being a service provider to importing goods. It's been one helluva learning curve so far, but we have just successfully landed or first shipment with a lot of help from our agent. We are having problems with VAT registration. We were previously VAT registered but as we didn't earn enough to pay/charge VAT our account has been suspended. I am trying to have are VAT number reactivated, but it seems that SARS is just as strict as if it was a new application. We are in no position to prove income at present, but have just paid an enormous amount of VAT to land our goods. My question is how do I recoup the VAT paid if I can't charge VAT? How will this effect VAT registered vendors that we supply to?
    Any input would help. Thanks

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    Site Caretaker Dave A's Avatar
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    May I move this to the tax forum? There's a better chance of a meaningful response.

    (Welcome to TFSA BTW )
    The trouble with opportunity is it normally comes dressed up as work.

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    Absolutely! Thanks.

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