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).

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[katlegoletlojane]

I have passed my assignments with such great marks...thank you for making accounting so simple to understand.

[aurora]

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

[botlhechanongwa]

I appreciate the clarity.please keep this up, you are a very good presenter of this

[salmaanabdalla]

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

[joypangilinan]

Thank you so much for making it easy for us to understand Sir. Super greatful that i clicked and watched ur video all the way! I liked and also subscribed ^^ Hoping to learn more from u

[maudynyathi]

Thank you for the Lesson. Now it all make sense.

[ibrahimalakaba-sule]

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

[nguyengiaphuonganh]

Thank you very much for the helpful contents!

[canariopondja]

Nice one! I like your clarity and english as well.

[bulelanitshabalala]

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

[rahulschoeman]

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

[VeronicaMungandu]

Thank you so much
Sir you are doing the great job

[channellka]

Thanks you very much for the information

[rosvine]

It made sense, how do I calculate VAT

[nisan]

Purchase= Input Tax
Sale = Output Tax

[muhammadakbar]

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?

[sherilisweka]

Are purchases for resale an input or output