Video: when to adjust income tax amounts for VAT (and when not to)

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High Court overrules tax court on input VAT claim on sponsorships

Author: Prof Peter Surtees (Norton Rose Fulbright South Africa)

If a taxpayer receives money, goods and services from sponsors in return for providing branding and marketing services to the sponsors, output VAT is payable on the value of these receipts. 

Interpretation Note 82: Input tax on motor cars

SARS released Interpretation Note 82 on the 25th of March 2015.

The purpose of Interpretation Note 82 is to set out:

  • interpretation of the definition of “motor car”

FAQ- Must a sole trader who has two businesses register for VAT when both reach the compulsory VAT threshold?

Author: SAIT Technical

Q: My client trades as a sole proprietor. She has two separate businesses. Must she register for VAT when one business reaches R1million turnover or when the combined turnover for both entities reaches R1million?

Value-added tax and entertainment

Author: Heinrich Louw (Cliffe Dekker Hofmeyr)

It is well-established that, in terms of section 17(2)(a) of the Value-added Tax Act, No 89 of 1991 (VAT Act), a vendor is not entitled to deduct any amount of input tax in respect of goods or services acquired for the purposes of ‘entertainment’, unless certain exceptions apply.