What goes into each box - South Africa VAT Report

The following table shows how NetSuite uses the tax codes to get the values for the South Africa VAT Report.

Description	Box	Amount	Box	Amount
A. CALCULATION OF OUTPUT TAX AND IMPORTED SERVICES
Supply of goods and/or services by you
Standard Rate (excluding capital goods and/or services and accommodation)	1	Gross amount of sales S	4	(Box 1)*[tax rate / (100 + tax rate)]
Standard Rate (only capital goods and services)	1A	Gross amount of sales SC	4A	(Box 1A)*[tax rate / (100 + tax rate)]
Zero Rate (excluding goods exported)	2	Net amount of sales Z
Zero Rate (only exported goods)	2A	Net amount of sales O
Exempt and non-supplies	3	Net amount of sales E
Supply of accommodation
Exceeding 28 days	5	Editable field
	6	Editable field
Value Not Exceeding 28 days	7	Editable field
Total: (6+7)	8	Editable field	9	Editable field
Adjustments
Change in use and export of second-hand goods	10	Editable field	11	(Box 10)*[tax rate / (100 + tax rate)]
Other and imported services			12	Editable field
Total A: TOTAL OUTPUT TAX (4+4A+9+11+12)			13	Box 4+4A+9+11+12
B. CALCULATION OF INPUT TAX
Capital goods and/or services supplied to you			14	Tax amount of purchases SC
Capital goods imported by you			14A	Tax amount of purchases I
Other goods and/or services supplied to you (not capital goods)			15	Tax amount of purchases S
Other goods imported by you			15A	Editable field
Adjustments
Change in use			16	Editable field
Bad debts			17	Editable field
Other			18	Editable field
TOTAL B: TOTAL INPUT TAX (14+14A+15+15A+16+17+18)			19	Box 14+14A+15+15A+16+17+18
VAT PAYABLE / REFUNDABLE (Total A - Total B)			20	Box 13-19

Related Topics

VAT and GST Reporting Overview

International Tax Reports

Generating VAT/GST Reports

International Tax Reports Best Practices

South Africa Tax Codes

South Africa VAT Report

General Notices