Input VAT vs Output VAT | Explained

In this video, we explain Input VAT, Output VAT, and the difference between Input VAT and Output VAT. We also explain why Input VAT is an asset account and Output VAT a liability account. We explain what a VAT vendor is (who can charge and claim VAT) and when VAT is owed to and from the Revenue Authority (SARS).
VAT Vendor registration: • VAT Registration in So...
VAT Inclusive & VAT Exclusive | Calculation Examples: • VAT Inclusive & VAT Ex...
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[@aurora4454]

I appreciate your efforts for explaining it in an easy and better way

[@katlegoletlojane8912]

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[@botlhechanongwa340]

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[@salmaanabdalla9611]

This is one of the best educational videos I've watched.
It was great

[@nguyengiaphuonganh471]

Thank you very much for the helpful contents!

[@ibrahimalakaba-sule878]

Wonderful and concise presentation. Very clear now. 👍👍👍

[@valentine_lunga]

Amazing explanation!! Thank you 🙏🏽

[@marteenschippers1602]

Very informative and helpful.

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[@maudynyathi332]

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[@DreamFirms]

Thank you very much for this content!

[@quadible1239]

thanks concise and to the point

[@channellka]

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[@VeronicaMungandu]

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Sir you are doing the great job

[@karabontseki617]

Thank you for the video G

[@lebohangmthembu7568]

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[@TheUsworldwide]

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[@boniswamagandana9305]

Very helpful 🙏

[@katendenalomba6347]

Thank you so much

[@mphumunicole6082]

Perfect explanation ❤

[@Miramoon98]

Thank you i love you

[@bulelanitshabalala8216]

Great content, could you make a video on VAT control account

[@SaidulIslam-od1dd]

Well done

[@favouraleph829]

Thanks

[@rahulschoeman9096]

Pls do a.example with cash receipts journal and cash payment journal pls

[@kuyesamtha74]

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[@Counttuts]

You're welcome

[@muhammadakbar9049]

Hi. We are newly registered to UAE vat. Can we take input of vat paid against imports of goods in 2022 in our 1st vat return?

[@rosvine6107]

It made sense, how do I calculate VAT

[@sherilisweka6170]

Are purchases for resale an input or output

[@JohannesGriez]

📃made easy

[@nisan6937]

Purchase= Input Tax
Sale = Output Tax

[@oratilematsepe3940]

🇿🇦