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Can you claim input tax on your company's Cape Town flat?

by , 19 May 2014
Let's say your company's based in Jo'burg, but some of your business operations require your employees to go to Cape Town on a regular basis.

You decide to buy a flat in the Cape for your staff to stay in when they travel on business because it's cheaper than booking hotels.

You're now wondering if you can claim input tax if you provide this kind of accommodation to employees.

Today we answer this common input tax claim question....

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Here's why you can't claim input tax if you provide accommodation to your employees

Even though your company owns the flat, you can't claim input tax - not even on the furnishings, the security, or any other renovations, says the Practical Vat Loose Leaf Service.

The same thing applies when you let a home.

Now that you know you can't claim input tax on accommodation, also keep these important points in mind when it comes to input tax claims.

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Think Vat doesn't apply to your payroll?

You're wrong!

Avoid this common error and keep SARS away from your door at audit time.

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Important points you must remember about input tax claims

There you have it: Unless you're looking for some unwanted attention from SARS, don't claim input tax if you provide accommodation to employees.

If you want to find out more about input tax claims, items you can and can't claim input tax on and the general rules for input tax claims, the Practical Vat Loose Leaf Service has you covered. Be sure to check it out so you'll avoid SARS penalties.



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