Notional Input Tax Course

SKU 00326
R210.00
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Notional Input Tax Course
Product Details

When second-hand goods (including immovable property) are acquired by registered vendors (whether registered on the payments or invoice basis) from a person not liable to be registered for VAT (i.e. under a non-taxable supply), the registered vendor may claim back notional input VAT on the supply as and when he makes payment on account of the purchase price and calculated as the tax fraction (currently 15/115) of the purchase consideration.

This course provides much needed insight on how notional input tax works and should be applied.


Topics Discussed:
  • Movable and Immovable Property
  • VAT 264
  • Maintaining a purchase register
  • Accounting basis used
  • Value-added tax or transfer duty


All Included:

  • Video presented course
  • Downloadable course material
  • Certificate of training
  • Optional assessment
  • SAIT Accredited - 1 verifiable CPD points