Did you know?

Did you know?

In South Africa, section 16 (3) of the VAT act, allows that Registered VAT vendors that have not claimed Input VAT on taxable supplies, made in the period it occurred, are permitted by SARS to claim the deduction within a period of 5 years.

Did you know?

Further to this, these claims can be made in the normal course of business as part of the regular VAT 201 submission.

Did you know?

It was out of this Section of the VAT Act, that SmartRecon was born.