Derrick Loo

Tax Invoice

Is my Input VAT Claimable?

Are you making sure that your VAT Input deductions are supported by valid Tax Invoices? SARS states on its website: “Without a proper tax invoice a business cannot deduct input tax on business expenses.” This is a simple yet important statement. Simple, because if all your VAT input claims are supported by valid source documents …

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Vat Registration

When do I Register for VAT?

S23 of the VAT Act covers registration for VAT purposes. This article highlights a part of it and applies to “enterprises that are making taxable supplies” as defined in the VAT Act. If you make “exempt” supplies you may not register for VAT. There is compulsory VAT registration and the option for voluntary VAT registration.