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P R I VAT E EU I T KPMG and SABCA Venture Capital and Private Equity Industry Performance Survey of South Africa covering the 2006 calendar year May 2007 A DV I S O The SABCA RIBS Foundation Program

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What is p r i vat?

P R I VAT stands for Value Added Tax (VAT), which is a consumption tax on the value added to a product at each stage of the production and distribution process.

Who is required to file p r i vat?

Businesses that meet the threshold for VAT registration are required to file VAT returns.

How to fill out p r i vat?

To fill out VAT returns, businesses need to report their taxable sales and purchases, calculate the VAT due, and submit the necessary paperwork to the tax authority.

What is the purpose of p r i vat?

The purpose of VAT is to generate revenue for the government by taxing consumption and to ensure that the tax burden is distributed evenly among consumers.

What information must be reported on p r i vat?

Businesses must report their taxable sales, purchases, and VAT calculations on VAT returns.

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