Description
Registration as a vendor may be cancelled in the following circumstances:
- where the value of taxable supplies falls below the limit of R1 million in a period of 12 months
- where you cease to carry on all enterprises.
Even if you are no longer registered as a vendor, you remain liable for any obligations incurred under the Value-Added Tax Act No 89 of 1991, while you were registered.
You must notify SARS within 21 days of ceasing all enterprises.
SARS will not cancel the registration of a vendor if there are reasonable grounds for believing that he or she will start any enterprise and any time within a 12 month period from the date of cessation of an enterprise.
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Steps to follow
- Complete the application form (VAT123e).
- Send to the SARS branch where you are registered.
- SARS will give you written notice of the cancellation of registration or of the refusal to cancel the registration.
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Legal framework
Value-Added Tax Act, 1991 (Act 89 of 1991)
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Service standard
There is no set time for this service.
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Cost
The service is free.
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Forms to complete
(Forms are provided in PDF format. To open PDF documents, you need to
have Adobe Acrobat Reader 4 or higher installed on
your computer.)
Application for cancellation of registration of a
person in respect of all his enterprises,VAT 123
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Contact details |