@heikoinvests: SARS is auditing VAT201 returns right now — and this one mistake is costing businesses a 10% penalty plus interest. 😬 Most people assume they’re declaring VAT correctly. But if you sold any business asset this year and declared the VAT when payment arrived instead of when you invoiced — you’re in SARS’s crosshairs. Almost all businesses are on the invoice basis. That means VAT is triggered on the invoice date — not when the money lands. One period late and the penalty clock starts. The frustrating part? It’s not fraud. It’s a timing error. And SARS doesn’t care. Check your capital goods declarations before they do it for you. Educational content only, not personal tax advice.

Heikoinvests

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Friday 26 June 2026 16:12:04 GMT

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Comments

MzwempiNsele564 :

Nha, this doesn’t make sense & can’t be right.

2026-06-27 07:25:26

Craig Treherne :

Pay on invoice claim on invoice not rocket science

2026-06-26 18:29:38

Ader :

What happens when you pay invoice vat and the invoice is not paid or paid more than 6 months later ?

2026-06-26 20:19:42

flesterina :

This is both informative and appreciated, Heiko. If possible, could you give some general information on taxes for independent contractors/remote workers? Thank you!

2026-06-26 16:47:11

Mv :

Hence proforma invoice.

2026-06-27 04:43:18

Bongani Mtshali630 :

Where you based I want to use your services?

2026-06-26 18:17:44

Max :

SARS owes me a VAT refund, been waiting 2 months. Can I charge them 10% penalty plus interest, No. 😡

2026-06-28 16:29:24

@Mr.Plaatjies :

But they can't trace Government money that vanishes into thin air 😳

2026-06-26 19:58:24

Mario :

Bulshit VAT on money paid in bank

2026-06-27 13:16:59

Whenthetimeisright :

Sars is scamming us. They anti business

2026-06-28 08:37:36

vetman :

😳😳😳

2026-06-26 21:14:54

ruvido8 :

🙏👌🙏👌

2026-06-27 06:03:20

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