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Free State government listen up: You can you claim input tax for your website

by , 12 March 2013
Spending R40 million on a shoddy website has left the Free State government with egg on its face. Luckily, there's good news for the municipality - and for you if you're setting up a company website! Read on for details...

'The saga surrounding the Free State's R40-million website was exacerbated on Monday when Premier Ace Magashule was accused of channelling millions of state rands to the same company that built the online platform,' reports The Mail & Guardian.

Like the rest of the public, you may be wondering why anyone would spend R40 million on a website – especially one as poor as the one the Free State government had set up? The truth is you shouldn't – but that doesn't mean your company shouldn't have a website.

In fact, in this day and age, if your business doesn't have a website, you may as well still be living in the 80s.

Luckily, there's a great tax break you can claim if you're in the process of setting up or redesigning your company's website.

Did you know you can claim input tax on a company website?

Because company websites are considered as marketing expenditure, you can claim input tax on the invoice for setting it up as long as your supplier is a Vat vendor, explains Dee Bezuidenhout of the Practical Vat Loose Leaf.

In fact, you can even claim input tax on driving people to your website through vehicles like banner ads and Google PPC – as long as you have a tax invoice.

That's good news for the Free State government and for the taxpayers who are paying for the website.

So what are you waiting for? If you've recently done some work to your company's website or set up a new one, claim input tax and you could potentially save thousands.

But, there are more items you must be aware of that you can claim input tax on that I haven't mentioned here.

The Practical Vat Loose Leaf  will show you

  • When and how to claim your input tax
  • Two things you must do to guarantee your input tax claim
  • 7 items you can claim input tax on
  • 9 more items you CAN claim input tax on, but didn't know about
  • 5 exceptions to the rule against entertainment expenses
  • Motor vehicles you can and can't claim input tax on
  • And much more

I sure hope you'll be putting this great input tax tip into practice today!

 

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