A taxable person may deduct the VAT incurred on goods and services purchased or imported for the purpose of carrying on the taxable person's economic activity if they are used to supply zero-rated or standard-rated goods or services. The deductible VAT ('input VAT') is entered on the VAT return and is offset against the VAT charged on supplies ('output VAT') made during that period.
Input VAT may not be recovered
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Web page updated on 17 Mar 2025 16:24