- 5 Marks
PT – March 2023 – L2 – Q2c – Value-Added Tax (VAT), Customs, and Excise Duties
Advise on deductibility rules of input VAT incurred before registration.
Question
Atakora Manufacturing Ltd is a company at Winneba that manufactures roofing sheets. The company has recently registered for VAT and is not sure about the treatment of its input VAT paid prior to VAT registration. The company has sought your guidance on how to treat input taxes paid prior to registration.
Required:
Advise the company on the deductibility rules of input VAT incurred by a company prior to VAT registration.
Find Related Questions by Tags, levels, etc.
- Tags: Input VAT, Tax law, VAT Deductibility, VAT Registration
- Level: Level 2
- Topic: Value-Added Tax (VAT), Customs, and Excise Duties
- Series: MAR 2023
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