Vat Return Due Date for Hoas

EmailEmail Print Share
News24 marketing banner

16 Nov 2012

The deadline for submitting VAT returns via eFiling for Homeowners' Associations, has recently been clarified by SARS. 

The deadline is usually the 25th of each month (or the last working day before the 25th if this falls on a Saturday, Sunday or public holiday) but if VAT vendors use eFiling it is not necessary to submit the return by the 25th, according to a recent SARS announcement.

“Homeowners’ associations, if they have a turnover of more than R1 million per annum (which can often be the case in larger developments), have to submit VAT returns, so it is of particular importance that they do not have the incorrect information,” says Michael Bauer, general manager of sectional title management company IHFM. 

The levies collected by bodies corporate are VAT exempt, so this would not apply to them, he says. 

The deadline is usually the 25th of each month (or the last working day before the 25th if this falls on a Saturday, Sunday or public holiday) but if VAT vendors use eFiling it is not necessary to submit the return by the 25th, according to a recent SARS announcement.  

It was also announced that an amendment will be included in the Draft Tax Administration Amendment Bill.  

“As long as the VAT return is submitted by or on the last working day of the month via eFiling and the amount owed to SARS reflects in their account before the cut-off, no interest or penalty will be charged according to SARS,” says Bauer.   

Similar Articles

For the shrewd investor, property provides one of the best...

Buying or donating property to a trust is a major decision...

With most sectional title schemes nearing the end of their...

View all articles

Top Articles

Investing in three different types of lighting for your...

Buyers are willing to pay a premium for homes near top...

Teams in the Six Nations Championship will be battling it...

View all articles
Top Articles
09 Feb 2016
Buyers are willing to pay a premium for homes near top Western Cape scho...
09 Feb 2016
Teams in the Six Nations Championship will be battling it out on the rug...
09 Feb 2016
A new flexible co-work facility, One Chadwick Co-Working Space, is being...
09 Feb 2016
From revitalising the Boet Erasmus Stadium in Port Elizabeth to restorin...
09 Feb 2016
Actual property prices are expected, even by the most conservative forec...
Newsletter
Get the latest property news.
Select your options:
Loading

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.


Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724