- 3 Marks
Question
State THREE (3) situations under which a taxpayer cannot claim an input tax. (3 marks)
Answer
A taxpayer cannot claim input tax in the following situations:
- Exempt Supplies: Input tax cannot be claimed on goods or services that are classified as exempt supplies.
- Personal Use: Input tax cannot be claimed on goods or services used for personal, non-business purposes.
- Expired Claims: Input tax cannot be claimed if the claim is made after six months from the date of the tax invoice.
- Tags: Input Tax, Tax Administration, Tax deductions, VAT, VAT Claim
- Level: Level 2
- Topic: Value-Added Tax (VAT), Customs, and Excise Duties
- Series: JULY 2023
- Uploader: Kwame Aikins