Sales Tax Instructions

What should a tax invoice show?
Sales Tax Instructions, 2009
A registered person making a taxable supply shall issue a serially numbered tax invoice at
the time of supply, containing the following particulars,
How do I record my imports?
• name, address & registration number of the supplier;
• name, address & registration number of the buyer;
• date of issue of invoice;
• description / quantity;
• value, exclusive of tax;
• amount of sales tax; and
• amount of further tax if applicable;
• value inclusive of tax.
You must have the Goods Declaration (Bill of Entry) showing the sales tax paid at either
the time you imported the goods, or removed them from the warehouse. You must show
the sales tax paid as a separate total in your summary of purchases.
Records requirement for enrolled persons?
Simplified records has been prescribed. A list of which can be obtained from the local
Sales Tax Office.
What is the sales tax account?
Although not prescribed but the sales tax account is recommended as a summary of your
output and input tax for each tax period. You should regularly add up the sales tax in your
records. You then put the totals in your sales tax account under the following headings.
Sales tax payables - (output tax)
• sales;
• errors in earlier returns;
• benefits provided to friends, employees and relatives;
• goods given away, or taken for your own or your family‘s private
use.
Sales tax deductibles - (input tax)
• purchases/expenses;
• imports;
• errors in earlier returns.
At the end of each month, you use the entries from your sales tax account to complete
your Sales Tax return.
For how long must I keep my records?