The entitlement of a vendor to claim a deduction of input tax or to claim a deduction of a notional amount is a central feature of the South African VAT system. In order for an amount to comprise “input tax”, the amount must meet the following requirements: ..
Source: ensafrica.com
Latest Posts in "South Africa"
- South Africa Moves Toward Mandatory E-Invoicing: New Regulations, CTC Model, and Digital Integration
- South Africa Mandates E-Invoicing to Modernize VAT, Reduce Fraud, and Align with Global Tax Trends
- VAT Treatment of Second-Hand Goods Export in South Africa
- Taxpayer’s Right to Object to SARS-Approved VAT Apportionment Method Confirmed by SCA
- VAT Liability Date: When Vendors Must Charge and Collect VAT














