A VAT vendor acquires goods partly for making taxable supplies and partly for exempt supplies. Under which circumstances may the vendor claim input tax on the acquisition?

Question

Accepted Answer

Only to the extent that the goods are acquired for purposes of making taxable supplies and the claim is supported by a valid tax invoice issued by another VAT-registered vendor.

Answer

Only if the purchase is below R5 000 and the supplier provides any form of receipt.

Answer

For the full amount of VAT incurred, provided the supplier is a registered vendor, irrespective of the intended use.

Answer

No input tax may be claimed where a portion of the goods relates to exempt supplies.

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A VAT vendor acquires goods partly for making taxable supplies and partly for ex...

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