Ten details every tax invoice must contain:
1. The words "tax invoice"
Your name, address and Vat
number as the supplier
3. The client or recipient's name and address
If the recipient is a registered vendor, include their Vat registration
5. An individual serial number
The date when you issue the tax
7. Full and proper description of the goods (indicating, where applicable, that the goods are second-hand goods) or services supplied
8. The quantity or volume of the goods or services supplied
The amount of the supply, the Vat
, and the total; or
The total amount of the supply, including Vat
, and a statement on the invoice that says that Vat
is included; and
10. The Tax Invoice must be in rands. But if it's a zero-rated export, then you have the option to insert a foreign currency
****** Have a look at this ******
Getting your VAT refund from SARS just got harder…
A small administrative mistake is all it takes SARS to have the right to withhold your refund.
Put a simple zero in the wrong place on the new VAT return could and you can forget about getting even a cent of your money back.
Make sure this never happens to you by filling in the new VAT return 100% correctly every, single time.
How to reflect addresses on tax
You must also include the recipient and supplier's address on the tax
invoice. This address could be either:
• The physical address where they do business,
• The business' postal address; or
There's no end-date for this ruling, so it's effective until such time that SARS withdraws it. If you don't stick to this, SARS treats your invoices as invalid.