VAT Settings
In South Africa, Value Added Tax (VAT) is administered by the South African Revenue Service (SARS) and applies to most goods and services supplied in South Africa. If your business is registered for VAT, you can configure your registration details in Zoho Spend so that the right VAT can be applied to your purchase and expense transactions, including bills, purchase orders, purchase requests, and expenses.
Configure VAT in Zoho Spend
To configure VAT in Zoho Spend:
- Go to Settings on the left sidebar.
(OR)
Click Settings in the top right corner of the page. - Click VAT under Taxes & Compliance.
- In the VAT pane, click VAT Settings.
- Toggle Is your business registered for VAT? to Yes.
- Enter the label for your VAT Registration Number (defaults to TIN) in the VAT Registration Number Label field.
- Enter your VAT Registration Number and click Validate TIN to authenticate it.
- If your business involves international trade, check Enable trade with contacts outside South Africa under International Trade, then enter your Customs Code.
- Enter the VAT Registered On date.
- Click Save.
Your VAT details will be saved, and you can start applying VAT on your purchase and expense transactions.