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What Is VAT201 and How Do You Submit It?
Quick Answer What Is VAT201 and How Do You Submit It? The VAT201 is the SARS return every VAT vendor files to declare output tax collected minus input tax claimed. Most vendors file every two months via eFiling: declare your sales and purchases, pay the difference (or claim a refund), and keep your records for five years. What this means in plain language Think of VAT201 as the form that settles your account with SARS every second month. You owe SARS the output tax you charged customers; SARS owes you the input tax you paid suppliers. The VAT201 nets the two out. Your filing category (A, B, C, D or…


