Kavango (Pty) Ltd is a registered VAT vendor that makes only taxable supplies. During the tax period, the company incurred the following expenses, inclusive of VAT: Purchased office stationery for R11,500. Paid for client entertainment at a restaurant amounting to R5,750. Purchased goods for resale for R23,000. Assume all suppliers are registered VAT vendors, valid tax invoices were obtained, and no exceptions to the general input tax restrictions apply. Which statement correctly describes the input tax deductions available to Kavango (Pty) Ltd?

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Kavango (Pty) Ltd is a registered VAT vendor that makes only taxable supplies. D...

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Kavango (Pty) Ltd is a registered VAT vendor that makes only taxable supplies. During the tax period, the company incurred the following expenses, inclusive of VAT:

Purchased office stationery for R11,500.

Paid for client entertainment at a restaurant amounting to R5,750.

Purchased goods for resale for R23,000.

Assume all suppliers are registered VAT vendors, valid tax invoices were obtained, and no exceptions to the general input tax restrictions apply. Which statement correctly describes the input tax deductions available to Kavango (Pty) Ltd?

Input tax of R6,000

❌

Input tax of R4,500

✅

Input tax of R3,000 may be deducted, comprising VAT on goods purchased for resale only

❌

Input tax of R5,250

❌

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