Why generating an invoice?
Stellenbosch University pays output VAT (100%) to SARS, on all taxable income received for goods and services rendered.
All external work, research, consulting and goods that are provided by departments must be invoiced via the debtor's system.
Why do I need a debtor code?
All official invoices need to adhere to the requirements as determined by SARS.
A debtor code provides all the compulsory information and these information will be on the official invoices.
How do I determine whether VAT is applicable?
Refer to our
VAT section and SARS re VAT