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Updated in [July 25th, 2023]
This course provides an introduction to Value Added Tax (VAT) in South Africa, with a focus on Input Tax. Participants will gain a working knowledge of the various Input Tax deductions, the concept and application of non-deductible expenses, the different documentary requirements for Input Tax, the application of specific transactions, and how to complete the Input Tax section of the South African VAT return. Upon completion of the course, participants will have a better understanding of the rules governing the deductibility of input tax and when input tax must be claimed, enabling them to manage their VAT function more effectively and efficiently. This course is designed to help participants think big, start small and learn fast.
Course Syllabus
Introduction - Input Tax (Course Material)
Value Added Tax for Everyday Users: Input Tax
Section 2: Non-Deductible Input Tax
Documentary Requirements
Other Deductions
Irrecoverable Debts
Completion of the VAT Return
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