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Input VAT vs Output VAT: What’s the Difference?
Quick Answer Input VAT vs Output VAT: What’s the Difference? Output VAT is the 15% you charge customers when you sell. Input VAT is the 15% you pay suppliers on business purchases. On each VAT201 you pay SARS the difference: output tax minus input tax. You can only claim input VAT with a valid tax invoice. The two sides of VAT in one table Input VAT Output VAT What it is VAT you PAY on purchases VAT you CHARGE on sales Example 15% on stock, rent, equipment 15% added to your invoice total Where it appears VAT201 purchases block VAT201 supplies block Effect Reduces what you owe SARS Increases what…


