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Can you claim Vat on second-hand goods, using SARS Vat forms for second hand goods, from a non-Vat vendor, and do you need a tax invoice for this?

by , 18 March 2013
Mark's a registered Vat vendor, and he's bought bales of coats from a trader, who isn't a Vat vendor. These coats are second-hand, and Mark plans to sell them to hawkers. He wants to know if he can claim Vat on these goods, and if he needs an invoice for this. Read on for the answers. Can he use SARS Vat forms for second hand goods?

Yes Mark, you can. Notional input tax is the Vat you can claim on second hand goods, if you're a Vat vendor purchasing goods for your business from a person who isn't a Vat vendor. But remember, SARS pays special attention to these types of claims.

Make sure you use the SARS Vat forms for second hand goods.

Do you need a tax invoice to claim notional input tax?

No Mark, you won't need a tax invoice to claim notional input tax, but SARS does require you to keep other records!  Among these are:
  •     Proof of payment
  •     Copy of the seller's ID
  •     A VAT 264 form

Until next time



Dee Bezuidenhout
Independent Vat expert: Practical Vat Loose Leaf Service

P.S. Why your updates, newsletter and books might be late this month

The SA Post Office is currently experiencing an illegal strike that's affecting all mail services. Unfortunately, we've been unable to post anything for the last two weeks, so your updates, newsletters and books will be delayed. We'll keep you updated.


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