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Proposed Amendment to VAT Act: Prescription Period for Unclaimed Input Tax Deductions Clarified

  • Proposed amendment to VAT Act regarding prescription period for input tax claims
  • Clarification that unclaimed input tax deductions can be claimed in the tax period when vendor became entitled to deduction
  • Details about proposed VAT changes in South Africa included in National Budget address by Finance Minister Enoch Godongwana

Source: assets.kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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