Deregistration for VAT can happen in one of two instances:
1. The vendor can apply for deregistration if the value of taxable supplies will be less than R1 million per annum, or if the vendor ceases to carry on all enterprises.
2. The Commissioner can initiate deregistration in the case that the vendor’s taxable supplies will be less than R1 million.
Deregistration for VAT is R2 300.