Can I claim VAT credit on legal and professional fees?

Jul 15, 2024 ... When receivables, for which the output VAT was previously claimed as VAT credit, are collected, the seller must report the corresponding output ... This study only focusses on the VAT treatment of interest margins of credit cards in South Africa. Common Mistakes in Issuing VAT Credit Notes and Credit Memos · Missing References: Failing to associate the credit note with the original invoice is another ... However, the applicable VAT or GST -inclusive rates are applied when you use your Skype Credit to make calls, send SMS, or use any other paid Skype products. Apr 1, 2022 ... Circular No. 14 expands the scope of businesses entitled to the VAT refund policy, thus allowing many more businesses to benefit. Feb 15, 2025 ... ... VAT credits available to offset against the VAT due on a transaction. If the supplier has sufficient VAT credits, the payment service ... corresponding credits as well as the tax returns that will be required under the value added tax (“VAT”) regime. In order to make it more easy to explain and ... Each registered person in the chain between the first supplier and the final purchaser or user is charged tax on taxable supplies made to him (input tax) and ... ... VAT may be able to obtain a VAT refund if it has VAT credit. For what ... you have explicitly requested a refund of your input VAT by ticking the appropriate box ... Whilst a VAT is premised on the principle that refunds are paid timeously, the reality of fraudulent refund claims as well as the claiming of input tax ...