How does VAT work in South Africa?

In this video I talk about Value added tax and how VAT works in South Africa. I also had a look at when you need to register for VAT in South Africa and how the process works, here is the list of questions I answer in the video This video is part of the "starting a business" series 0:00 - 0:15 intro 0:15 - 0:25 What is VAT? 0:25 - 3:36 How does VAT work? 3:36 - 4:10 What is Input tax and what is Output tax? 4:10 - 5:25 When do you need to register for VAT? 5:25 - 10:48 What is the VAT registration requirements? 10:48 - 12:13 What is Zero rated VAT? 12:13 - 13:17 What are exempt supplies? 13:17 - 15:40 What are the different VAT periods? When do you have to pay VAT? 15:40 - 16:15 What are the requirements for VAT invoices? Please remember to subscribe to the channel and like the video!