General input deductions
| OUTCOMES OF TOPIC After studying this topic related to the introduction to input tax, you should be able to: ✓ Explain what input tax is ✓ Explain where input tax fits into the VAT calculation ✓ Name the five components of input tax ✓ Explain the requirements for input tax to be deductible ✓ Explain how input tax is calculated ✓ Explain how input tax should be declared to SARS |