Page 6 - P6 Slide Taxation - Lecture Day 3 - VAT Part 3

Critical questions when input tax is claimed?

• Who may claim input tax?

• What supporting documentation must be on

record in order to claim input tax?

• When [timing] must a tax invoice be issued?

• Is it possible not to issue a tax invoice for a transaction that is

taking place?

• Who must issue a tax invoice? Supplier or recipient?

• Is it necessary to issue a tax invoice for a zero rated supply?

• Must a tax invoice on export transactions be indicated in Rand

or in the foreign currency?