New CC vat registration

[Sebzon]

One other comment on the original question - With a new business that hasn't started trading yet, you are going to have to satisfy SARS that you will be doing the kind of turnovers that qualify for registration as a VAT vendor. Just what that might entail really depends on the nature of the business.

Does this mean that if you are applying to SARS you have to show a proof that you are going to make a profit around R1m or you have exceeded a threshold of R20000?

[Marq]

show a proof that you are going to make a profit around R1m

No its not profit - its related to your turnover.

I dont know what proof they want of your future turnover figure, but most should be able to supply either a history or future contracts and budgets.