1887

n Professional Accountant - Bad debt and VAT : CPD points - 30 min

Volume 2008 Number 1
  • ISSN : 1680-7537

Abstract

The majority of Vat vendors are registered on an invoice basis, meaning that a vendor's liability to recognise and pay the output tax of supplies is triggered by payment or issue of invoice, whichever is the earlier. However, not all debtors pay their accounts. Liquidations and bad debt has become a regular risk in all businesses. The invoice base of accounting means that the vendor pays the Vat (output tax) to SARS as soon as invoice is issued.

Loading full text...

Full text loading...

Loading

Article metrics loading...

/content/account/11/1/EJC16797
2008-11-01
2019-09-17

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error