HomeHome SearchSearch MenuMenu Our productsOur products

Even if SARS disallows your vehicle input tax claims, you CAN still claim Vat on these items

by , 11 June 2014
Did you know, SARS will slam the door on you if you try to claim input tax on double-cab vehicles, normal sedan-type passenger vehicles, station wagons, minibuses and sports utility-vehicles (SUVs).

But, it's not all doom and gloom.

While you can't claim the input tax on these motor vehicles, SARS WILL let you claim input tax on the following six items...

*********** Advertisement ************


Free book: 13 Steps to a successful Vat review.

All the information you need in one little book to make sure your Vat review is successful. Get your copy now.
 

***********************************
 

Six input tax claims you can claim on your vehicle

The Practical Vat Loose Leaf Service says the good news is that even if SARS disallows your vehicle input tax claims, you can claim the Vat on any of the following items if you use the car to make your taxable supplies:

  1. Repairs;
  2. Maintenance;
  3. Insurance;
  4. Toll fees;
  5. Parking; and
  6. General running costs.

What happens if you modify your car?

If you modify your car or install some extras (e.g. hands-free cellphone kits), SARS will let you claim input tax.

Just don't go overboard and try to make claims on these items as well…
 

*********** Product endorsement ************

Do you know the 13 Vat review secrets SARS doesn't want you to know about?

Neither do most people.

Click here to find out what they are.

*****************************************

DON'T try to claim zero-rated petrol and diesel

Many Vat vendors make this mistake and, as a result, they get into trouble with SARS.

Remember that petrol and diesel are zero-rated supplies and that although you can claim the input tax on other running expenses, you can't claim input tax for fuel.

In addition, motor vehicle licences and traffic fines aren't subject to Vat, so don't claim input tax on these expenses either.

There you have it: Knowing the six input tax claims you can claim on your vehicle will help you put some money back into your pocket.



Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>