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Thread: Small Assets or Fixed Asset Register?

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    Small Assets or Fixed Asset Register?

    Hi, is the threshold still R7,500 excl Vat or has it increased?

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    Site Caretaker Dave A's Avatar
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    The threshold from a Tax Wear and Tear Depreciation Allowance point of view remains at R7000 per 4.3.5 of this document from SARS dated 9 February 2021.

    This figure will exclude VAT if you are a registered VAT vendor, the VAT is claimable as Input VAT, and the wear and tear depreciation allowance claim is permissible.

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    hello
    Help how do i do a cash flow statement.

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    Thanks Dave, I appreciate you taking the time.

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