SARS-compliant invoicing, motor vehicle paperwork, VAT264, voetstoots — straight answers for South African dealers and the people who invoice them.
A practical, SARS-aligned walk-through of every field that must appear on a motor vehicle invoice — including VIN, MM Code, voetstoots wording and the difference between cash, trade-in and financed sales.
If you buy used cars from non-vendors, the VAT264 form is how you legitimately claim notional input VAT. Here's exactly what it is, when you need it, and what to put on it.
Voetstoots used to be ironclad. The Consumer Protection Act changed that in 2011. Here's where a dealer can still rely on it, where they can't, and the exact wording to use today.
If you're a VAT vendor buying second-hand goods (like cars) from someone who isn't a vendor, you can claim notional input VAT. The 15/115 calc, the paperwork, and where dealers most often slip up.
The paperwork pipeline for a new independent dealer — MTN1, SARS, second-hand goods registration, and what to factor in before you take in your first trade-in.