What questions should I ask a potential VAT agent?

Feb 2, 2024 ... VAT—sometimes redundantly called VAT tax—stands for value-added tax. ... credit back on your credit card. Cash refunds are faster but ... Aug 17, 2022 ... The Supreme Court has ruled that the limitation period for refunding a VAT credit starts only as from the request for refund by the VAT taxpayer. ... credit) and tax that he charged (output tax), and the total purchases and the tax he was charged (input tax). He then subtracts the tax on purchases (both ... Nov 16, 2004 ... Rima's application of VAT credits towards input purchases as a ... Rima collected, resulting in a VAT credit balance. See id. at 12-. 13 ... Only medium and large taxpayers are eligible to request a VAT refund. Small taxpayers will only have up to 80% of the VAT input credits to its VAT output on ... This study only focusses on the VAT treatment of interest margins of credit cards in South Africa. 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 ... Where the amount of input tax exceeds the amount of output tax, a Taxable Person is entitled to a refund of VAT from the FTA. Page 7. 7. VAT User Guide | ... VAT Credit means any credit, offset or receivable arising out of a payment of VAT where liability for such VAT is allocated to Houston under this Agreement. The Kaplan tutor showed you how to record a credit sale where VAT is involved. Up to now, we have only seen sales where VAT was not involved.