n Tax Breaks Newsletter - To claim, or not to claim - VAT, that is... : value-added tax
|Article Title||To claim, or not to claim - VAT, that is... : value-added tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Sep 2015|
|Pages||5 - 6|
When can you claim input VAT on a vehicle? Most businesses that are registered for VAT will be aware that you generally cannot claim input VAT on the purchase of a "motor car" as defined in Section 1 of the Value-added Tax Act. But understanding what is included in this definition - and more importantly, what is excluded - could potentially result in the entire VAT amount being refunded to you.
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