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...
Check out other straightforward examples and business-related topics on our channel.
We also offer one-on-one tutorials at reasonable rates as well as other accounting and tax services. Email us and/or visit our website or FaceBook page for more info.
Connect with us:
Email: info@counttuts.com
Our Website: Counttuts.com
Our Facebook Page: / counttuts
Support our Efforts: paypal.me/counttuts

Пікірлер: 37

  • @aurora4454
    @aurora4454Ай бұрын

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

  • @katlegoletlojane8912
    @katlegoletlojane89128 ай бұрын

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

  • @botlhechanongwa340
    @botlhechanongwa3402 жыл бұрын

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

  • @salmaanabdalla9611
    @salmaanabdalla9611 Жыл бұрын

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

  • @nguyengiaphuonganh471
    @nguyengiaphuonganh4712 жыл бұрын

    Thank you very much for the helpful contents!

  • @ibrahimalakaba-sule878
    @ibrahimalakaba-sule878 Жыл бұрын

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

  • @canariopondja6492
    @canariopondja649211 ай бұрын

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

  • @marteenschippers1602
    @marteenschippers16022 жыл бұрын

    Very informative and helpful.

  • @valentine_lunga
    @valentine_lunga2 ай бұрын

    Amazing explanation!! Thank you 🙏🏽

  • @quadible1239
    @quadible12392 ай бұрын

    thanks concise and to the point

  • @TheUsworldwide
    @TheUsworldwide2 жыл бұрын

    Bro thanks for this 🔥🔥🔥🔥🔥

  • @zinhleyy
    @zinhleyy4 ай бұрын

    omg you are the best!!!😭❤️

  • @joypangilinan7835
    @joypangilinan7835Ай бұрын

    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

  • @DreamFirms
    @DreamFirms2 жыл бұрын

    Thank you very much for this content!

  • @VeronicaMungandu
    @VeronicaMungandu5 ай бұрын

    Thank you so much Sir you are doing the great job

  • @channellka
    @channellka Жыл бұрын

    Thanks you very much for the information

  • @karabontseki617
    @karabontseki617 Жыл бұрын

    Thank you for the video G

  • @lebohangmthembu7568
    @lebohangmthembu7568 Жыл бұрын

    Thank you so much ❤

  • @maudynyathi332
    @maudynyathi332 Жыл бұрын

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

  • @jangansingh7141

    @jangansingh7141

    Жыл бұрын

    Juzdhxbxh7lalaaalaao9z99आस999

  • @jubayrulkabir2867
    @jubayrulkabir28672 жыл бұрын

    thanks for the video

  • @boniswamagandana9305
    @boniswamagandana9305 Жыл бұрын

    Very helpful 🙏

  • @mphumunicole6082
    @mphumunicole60822 ай бұрын

    Perfect explanation ❤

  • @katendenalomba6347
    @katendenalomba63472 жыл бұрын

    Thank you so much

  • @Miramoon98
    @Miramoon98 Жыл бұрын

    Thank you i love you

  • @bulelanitshabalala8216
    @bulelanitshabalala82162 жыл бұрын

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

  • @SaidulIslam-od1dd
    @SaidulIslam-od1dd3 ай бұрын

    Well done

  • @favouraleph829
    @favouraleph82911 ай бұрын

    Thanks

  • @rahulschoeman9096
    @rahulschoeman90962 жыл бұрын

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

  • @kuyesamtha74
    @kuyesamtha742 жыл бұрын

    Thank you 😊

  • @Counttuts

    @Counttuts

    2 жыл бұрын

    You're welcome

  • @rosvine6107
    @rosvine61079 ай бұрын

    It made sense, how do I calculate VAT

  • @sherilisweka6170
    @sherilisweka6170 Жыл бұрын

    Are purchases for resale an input or output

  • @nisan6937
    @nisan6937 Жыл бұрын

    Purchase= Input Tax Sale = Output Tax

  • @muhammadakbar9049
    @muhammadakbar90495 ай бұрын

    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?

  • @JohannesGriez
    @JohannesGriez Жыл бұрын

    📃made easy

  • @oratilematsepe3940
    @oratilematsepe39402 жыл бұрын

    🇿🇦