- Use this legal loophole to claim VAT on your clients' gifts
- You probably buy your clients gifts during the year. But just before you submit your VAT return and miss out on a potential VAT saving, you need to read this first!
You're probably thinking... SARS sees gifts as entertainment and disallows input tax claims from the onset, right? Well... not quite...
During the FSPBusiness VAT Masterclass, I found a secret loophole that's totally legal. And... ››› more
- [09 February 2017]
- 5 circumstances where you CAN claim input tax on entertainment-related expenses
- Claiming input tax on entertainment-related expenses is a tricky area in VAT law because SARS will simply reject some entertainment-related claim.
But the fact of the matter is that you CAN claim input tax on entertainment-related expenses in certain circumstances.
Here are 5 circumstances in which you can claim input tax on entertainment expenses...
Bookings ... ››› more
- [14 February 2016]