Input VAT
What is Input VAT?
Input VAT is the VAT you pay on goods or services bought for your business that you can claim back from SARS.
Think of it like this…
It’s a VAT credit on your purchases.
Why does it matter?
- Reduces VAT payable on your sales
- Only claimable with valid tax invoices
- Must be linked to taxable supplies
Best practice
Keep all tax invoices and proof of payment for claims.
Govchain can do this for you
- VAT calculatorAdd 15% VAT to a price or take it out of a VAT-inclusive amount.Free · Instant
- VAT Registration in South AfricaRegister your company for VAT with SARS. Voluntary from R120,000 turnover, compulsory at R2.3m. R2970, 20 working days. We file the VAT101 and deal with SARS for you.R2 970 · 20 days