What is a Legal Tax Invoice?

Invoice vs Tax Invoice – What’s the difference?

Tax invoices: Boy! There is a lot of confusion regarding these little beauties! Everyone has their own idea of what a Tax invoice is and what information a Tax Invoice should contain but unfortunately most of them are wrong!

Invoice vs 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.

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.

Our Services:

At SME.TAX we do more than just advise clients about their invoicing

We are in fact your “one stop SME shop”, assisting with everything from Accounting, Business Management, BEE, Consulting, Company Registration to Payroll and Mentoring.

For more information, please visit our website www.sme.tax or give us a call on 012 021 0829