n Tax Breaks Newsletter - VAT refunds - the low-down : value-added tax
|Article Title||VAT refunds - the low-down : value-added tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Aug 2015|
VAT is a reasonably straightforward tax. You take the VAT on your sales, less the VAT on your purchases and other costs, and pay the balance over to SARS. But what happens if you are building up stock, or have had some major capital expenditure?
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