Tax invoices have a significant role in deducting input tax on business expenses and updated regulations that are valid from 1 April 2019. Issuing a full tax invoice is mandatory when the price exceeds R 5,000 and less than R 5,000 optional to issue a simplified tax invoice. A tax

invoice is not required if the supply is R50 or less. Electronic filing submissions are done in 12 months following the end of the reporting fiscal year.