Welcome to The Forum SA. As a visitor you have read only access to the public content areas of this website. You will have to register as a member to access all content, post messages and network with our members. Membership is free and registering is quick and easy. You can click here to register now and become a member within minutes.
No - only a registered VAT vendor may issue an invoice with VAT on it.
The respective non VAT supplier will issue a invoice - there is no VAT applicable. When you enter the expense in your accounting package, it is a zero rated input entry. Make sure your accounting package is set to allow this type of invoice.
Victor - Knowledge is a blessing or a curse, your current circumstances make you decide! Solar pumping, Solar Geyser & Solar Security lighting solutions - www.microsolve.co.za
AFAIK you can only claim deemed VAT on second hand goods for resale. It doesn't sound like your situation qualifies.
Should the VAT vendor sell the website one day, I would think you would be able to claim the deemed VAT on the original purchase price as an input VAT at that stage as you woud have to charge VAT on the selling price. But as there is no intent to resell the website at this point, I have my reservations that you could make a deemed input VAT claim at this stage.
We process personal data about users of our site, through the use of cookies and other technologies, to deliver our services, personalize advertising, and to analyze site activity. We may share certain information about our users with our advertising and analytics partners. For additional details, refer to our Privacy Policy.
By clicking "I AGREE" below, you agree to our Privacy Policy and our personal data processing and cookie practices as described therein. You also acknowledge that this forum may be hosted outside your country and you consent to the collection, storage, and processing of your data in the country where this forum is hosted.
Tweet
Comment