Input VAT de minimis limit

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November 13, 2013 at 5:28 pm #145863
dizfaris
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I am a bit confused regarding the claimable input VAT.

If the company is well below de minimis limit, which one that the company can claim ?
i) input VAT directly for taxable supplies
ii) input VAT directly for exempt supplies
iii) non-attributable input VAT

A) i & iii
B) i, ii & iii
November 14, 2013 at 9:53 am #145956
Needs to pass
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If the company passes the di-minmis test they can claim all the input VAT back.

If they fail the test, they can only claim direct VAT
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