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Revealed: Five entertainment items you can claim input tax on

by , 05 September 2014
Are you one of those business owners who believe claiming input tax on entertainment items is against the law?

If so, this isn't entirely true.

There are entertainment items you CAN claim input tax on and there are those you can't.

For the purposes of this article, we'll focus on those you can claim input tax on so you can reap the benefits starting today.

Take a look below at the five entertainment items you can claim input tax on.

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Good news! You can claim input tax on these five entertainment items

#1: You can claim input tax for business travel if any of the people mentioned below have to spend more than one night away from home on business travel:
  • You, as the Vat vendor;
  • Partners in a partnership;
  • Company directors;
  • Your employees; or
  • Any independent contractors who work for you.
#2: You can claim input tax for your employee's personal subsistence. According to Section 17(2) (a) (ii) of the Vat Act, this includes meals, refreshment (including liquor) and accommodation.

So, even if your employee eats somewhere other than his hotel when he's away on business, you can claim the Vat on his meal!

#3: Cell phone reimbursements. Even if the cell phone account is in your employee's name, you can claim the relating Vat on the amount you reimburse. This because your employee is acting as an agent on behalf of your enterprise.

#4: Monthly subscriptions for car tracking. The only condition is that you must be using the car in the course of the business.

#5: Flowers to staff who are sick, having babies, having operations or whose loved ones have passed away.

Now that you know about these five entertainment items, claim input tax starting today and make sure you have the correct documents.

PS: There are 14 more entertainment items you can claim input tax on. Get the full list in the Practical Vat Loose Leaf Service.

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