Many businesses are still unsure as to what transactions input tax can be claimed on. Read on to discover some lesser known Vat-carrying transactions on which you can claim input tax:
Some better known transactions on which you cannot claim input tax:
2. If you export, make sure you apply the zero-rate of Vat.
The onus is on you to get it right. This means keeping the right documents to prove the zero-rating to SARS.