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 In News

Boy, is there a lot of confusion regarding these little beauties! Everybody, it would What is a legal tax invoice?seem, has their own idea of what a legal Tax Invoice is and what information a legal Tax Invoice should contain, unfortunately, the majority of them are wrong!

Invoice vs Legal Tax Invoice – What’s the difference?

Put very simply, an invoice is a document issued by a business that is not a vendor for VAT and a Tax Invoice is a document issued by a business that is a vendor for VAT.

Legal Tax Invoice – Abridged of Full?

Where the value of the invoice is below R5000.00 you may use an abridged Tax invoice, which is less formal and only contains limited information. We however always recommend that you use the Full Tax invoice (see sample below with requirements highlighted) as it is a good habit to get as much information on your client as possible when invoicing.

PheZuluBusinessManagement

 

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