Registered VAT vendors can deduct input tax in respect of goods and services supplied to them. However, they may only deduct...
VAT Apportionment: Revised ruling
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Value Added Tax
Input tax: Holding companies
Vendors may deduct input tax on goods or services acquired for purposes of making taxable supplies in the course of...
Tax treatment of costs to raise funding
There are many costs to raise funding for a business, whether debt or equity capital. These include raising fees, initiation...
VAT proposals for 2022
VAT vendors can expect a number of amendments that affect specific classes of vendors in 2023. The National Treasury published...
C:SARS v Capitec: A case of VAT equilibrium?
In Commissioner for the South African Revenue Service v Capitec Bank Limited (94/2021) [2022] ZASCA 97 (21 June 2022) the...
VAT on temporary letting by residential property developers
Persons who develop residential property for purposes of selling it are often not able to immediately sell the property as...