VAT: NAVIGATING OUTPUT TAX AND INPUT TAX CLAIMS

Expert VAT Guidance to Ensure Accurate Compliance

Understanding when and how to declare output tax and claim input tax can be one of the most complex aspects of South Africa’s VAT system. Whether you’re a local business or involved in cross-border trade, getting these calculations right is crucial for avoiding penalties and maximising cash flow.

At Tax Consulting South Africa, we specialise in helping businesses navigate the complexities of output tax declarations and input tax claims. Our VAT experts offer practical advice to ensure your VAT position is always compliant and your tax returns are accurate.

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KEY AREAS OF FOCUS

Output Tax: When and How to Declare

Output tax is the VAT you charge on the sale of goods or services. We guide you on the correct declaration process—whether your supply is taxable, exempt, or zero-rated. We ensure you avoid missteps that could lead to underreporting or penalties.

Input Tax: Claiming What’s Rightfully Yours

Input tax refers to the VAT paid on business-related purchases. We help you navigate the complex rules around deducting input tax—including when VAT on purchases is fully deductible, partially deductible, or not permitted at all. Our advice ensures you optimise your cash flow and avoid claiming VAT on non-deductible items.

Complex Transactions: Dealing with the Grey Areas

Some transactions—such as mixed supplies, foreign imports, and international services—can create confusion. Our team provides clear guidance on how to handle these situations, ensuring the correct tax treatment is applied to both output and input.