taxNews
Konnectplus
Kenya

VAT: costs or disbursements passed to customers

id : 83 Other   
posted by : Admin
 DOQ : 2020-03-15 18:03:35
   Admin
  
83_20030248.jpg

How to account for VAT if you make supplies to your customers, and you pay certain costs that you pass on when you invoice them.

Overview

When you make payments on behalf of your customers, for goods or services received and used by them, you might be able to treat these payments as ‘disbursements’ for VAT purposes. This means that you:

- don’t charge VAT on them when you invoice your customer

- can’t claim back any VAT on them.

This guide explains when you should charge VAT on the costs and expenses you pass to your customers

payments like these can be treated as disbursements


You may also like...

104_20051119.jpg

The Kenya Revenue Authority has turned its guns on hundreds of Container Freight Stations (CFSs) on

103_20050450.jpg

Goods can be stored in a Custom Bonded Warehouse up to nine months without having to pay VAT or othe

102_20051257.jpg

Kenya’s Taxman will introduce an amnesty programme for income tax, VAT and Excise Duty once the Fi

101_20051156.jpg

101_20051156.jpg

Independent importers of wines and spirits, cigarettes, motor vehicles and spare parts are set to be

98_20050942.jpg

98_20050942.jpg

The Court of Appeal has dismissed a request from the taxman for Google to be compelled to reveal the

95_20040610.jpg

95_20040610.jpg

Around 2016/2017, the Kenya Revenue Authority (KRA) purportedly unearthed a fraudulent “missing tr

my Views
(0)
taxBaddy.com @2014-2020 All rights reserved
Powered by : gravityworks@taxbaddy.com